Genworth Canada commends the Ontario Government for addressing housing affordability in the Greater Golden-Horseshoe market

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Genworth Canada commends the Ontario Government for addressing housing affordability in the Greater Golden-Horseshoe market

Canada NewsWire

TORONTO, April 20, 2017 /CNW/ - Genworth Canada commends the Ontario Government for taking action to address affordability in the Greater Golden-Horseshoe (GGH) housing market.   

"We welcome the actions announced today by the Ontario Government aimed at addressing the affordability of homeownership and expediting access to affordable housing stock suitable for aspiring first-time homebuyers," said Stuart Levings, President and CEO of Genworth Canada, the country's largest private-sector provider of mortgage default insurance.  "We are pleased to see the collaborative approach being taken by the three levels of Government to utilize targeted measures to respond to regional market issues."

"As an insurer of first-time homebuyers, we have seen a growing divergence between what first-time buyers can afford and average market prices. These measures will help responsible families and individuals achieve their dreams of homeownership while protecting the equity that existing GGH homeowners have invested in their properties," added Levings.  

About Genworth MI Canada Inc.

Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada.  The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Genworth Canada differentiates itself through customer service excellence, innovative processing technology and a robust risk management framework. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system.  As at December 31, 2016, Genworth Canada had $6.6 billion total assets and $3.6 billion total shareholders' equity. Find out more at

SOURCE Genworth MI Canada

View original content:

Copyright CNW Group 2017

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).