Canada Guaranty Mortgage Insurance Company

Launched in 2010, Canada Guaranty Mortgage Insurance Company is a leading private mortgage default insurance provider in Canada. The company is owned by the Ontario Teachers’ Pension Plan and National Mortgage Guaranty Holdings Inc. Its primary mission is to protect mortgage lenders from losses on residential mortgages in the event of borrower default, thereby facilitating homeownership for Canadians by enabling them to purchase homes with a down payment of less than 20%. Canada Guaranty works with a national network of lenders, including banks, credit unions, and mortgage companies, offering a range of mortgage insurance products and underwriting services.