TORONTO—Canada Mortgage and Housing Corp. saw its third-quarter profit drop 17 per cent compared with a year ago as the housing market showed signs of cooling. Canada Mortgage and Housing Corp. says its profit dropped in the latest quarter as the national housing market began to show signs of cooling off. ( Jonathan Hayward / THE CANADIAN PRESS )Revenue totalled $1.05 billion in the third quarter, compared with $1.26 billion last year. Those from British Columbia and Ontario made the highest average down payments, with 8.8 per cent and 8.7 per cent. It says its arrears rate was 0.29 per cent for the quarter versus 0.3 per cent in the third quarter of 2017.

Source: thestar November 29, 2018 16:07 UTC