Sunday, February 6, 2011

CMHC Liabilities Equal 30% of Canada's GDP

CMHC Liabilities Equal 30% of Canada's GDP
CD Howe released an interesting commentary on the current role of CMHC in the mortgage market. It is well worth the read as it not only highlights the potential (and unnecessary) risks to taxpayers, which we’ll discuss, but also debunks the notion that high home ownership rates are beneficial to the broader economy.On the dominance of CMHC in the mortgage insurance market Dominating the market in Canada means that as of 2010, CMHC insures mortgages worth approximately $500 billion, almost the entire Canadian mortgage insurance market.

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