IMF warns on house prices in Canada and elsewhere International Monetary Fund says prices keep climbing to concerning levels “The era of ‘benign neglect’ of house price booms is over.” Min Zhu, IMF deputy director IMF: Home Prices Look Overvalued in Canada, Norway, Australia House prices, Zhu said, are “well above the historical averages for […]
IMF tells CMHC to close shop ?
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 […]
IMF recommends CMHC to close shop ?
IMF recommends Canada scale back CMHC The International Monetary Fund says Canada is exposing itself to risk by insuring mortgages through the Canada Mortgage and Housing Corporation and recommends scaling back the federal housing agency. The advice is contained in the IMF’s latest economic report card on Canada, which projects modest economic growth of 2.25 […]