The CMHC, the Canadian Housing Bubble & our "Good Banks" myth
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Uploaded by punditzview on Mar 9, 2011
UPDATE: See FP article (http://business.financialpost.com/2012/01/30/cmhc-backing-fewer-loans/) Apparently, the banks are approaching the CMHC and paying the insurance cost themselves for loans with MORE than 20% down payment! Show's that they think the CMHC does not charge enough.... smart on banks but as a taxpayer makes me furious.
About the CMHC: It's really just common sense...take away risk and of course banks will make more loans, pushing up housing prices higher than they otherwise would be. And when the bubble bursts, it'll be bursting from higher levels. Let's hope the CMHC knows what it's doing, having guaranteed some $500bn of Canada's riskiest mortgages — roughly equal to Canada's entire national debt. And the minister responsible for the CMHC? Diane Finley, Minister of Human Resources and Skills Development. But don't worry — she has an MBA!
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Is this supposed to be an Anonymous style message?
Buyers are losers?
The buyers are taxpayers, the sellers are taxpayers, prices have gone down... this video is terrible.
RltrRod 1 week ago
Search for and read this article:
"housing the most manipulated market in the world newworldparty"
curts 2 months ago
@elimar008 short their banking stocks?
626718 3 months ago
crash n burn
flagship21 9 months ago
how can we short/ultra short the canadian housing
elimar008 10 months ago