According to Bloomberg, CMHC is not as optimistic as their realtor friends who are always sure real estate price will keep going up for the next millenium, at least. Canada Mortgage Trims Home-Starts Call on Slower Economy Canada’s housing agency further trimmed its forecast for housing starts this year amid modest economic and employment growth. The number […]
CMHC knows what to do with $23B in hand, but not $700B liabilities on her shoulder ?
Apparently CMHC is hiring consultant how to mess with her $23 billions or so cash in hand. We wonder what is her strategy in case the $700 billions she is shouldering on behalf of taxpayers go belly up ? Canada Mortgage and Housing to form investment consultant pool BY RICK BAERT Canada Mortgage and Housing […]
CMHC has been feeding a bunch of fat cats called “BANKs” ?
The shadow banking sector has been feasting on government-insured mortgages by Erica Alini The practice of packaging government-insured mortgages into securities has grown “substantially” since 2007 and such investment tools constitute the largest component of the so-called shadow banking sector—i.e. non-bank institutions that perform some bank-like functions—the Bank of Canada said yesterday in a new report. […]
Conspiracy to break up CMHC for the better ?
The secret plan to break up the CMHC Analysis: New CMHC head leads focus on financial industry, risk management Board members will be required to have more knowledge of balance sheets, financial acumen By Greg Quinne and Andrew Mayeda, Bloomberg Canada Mortgage & Housing Corp., which insures $563 billion of mortgages, named former Bank of […]
The CMHC and the Canadian housing bubble
A nightmare on Main St: The numbers are becoming increasingly clear; the bloom is off of the Canadian real estate bubble and boom. Among a variety of indicators, sales of condos in the second quarter of this year in Toronto have fallen by half and a record number of units were left unsold. In […]