Is a privatized CMHC a good idea? The International Monetary Fund (IMF) thinks so. IMF advises Ottawa to trim CMHC’s mortgage activities, then maybe phase it out The International Monetary Fund says the Canadian government should look for ways to clip the wings of Canada Mortgage and Housing Corp. and eventually get out of the […]
Uncle Jim may ask CMHC to dig more money out of your pocket
Mortgage insurer CMHC primes market for announcement Canada Mortgage and Housing Corp., the Crown corporation that Finance Minister Jim Flaherty has been seeking to rein in, says it will be making an announcement later this week. Image Source The mortgage insurer, which appointed former investment banker Evan Siddall as its new chief executive officer at […]
Is CMHC a ‘crooked crown corporation’ ?
According Ben Rabidoux’s article appeared on Globe and Mail, CMHC does sound like a ‘crooked crown corporation’ … Instead of helping Canadians to own homes, it seems CMHC is “helping to enrich the filthily rich and their buddies – Mafia developers” ? What do I think ? Am I surprised ? No comment. The only […]
CMHC will soon be privatized ?
How to privatize the Canadian Mortgage and Housing Corporation What began after the end of the Second World War as a government program to assist veterans reintegrating into peacetime society has morphed into a gigantic engine with a cap of $600-billion on its government-guaranteed insurance of residential loans. Financial Post got the details http://financialpost.com/ Meanwhile, Alex Rodriguez Is […]
CMHC was a key factor in creating the housing bubble ?
CMHC cools mortgage market with new cap for banks Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders […]
CMHC Housing Starts June 2013 For Canada, Toronto & Vancouver
June 2013 Housing Starts in Canada OTTAWA, July 9, 2013 — Housing starts in Canada were trending at 184,514 units in June compared to 184,087 in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. “As expected, the trend […]