The risk of housing price declines piles onto the risk CMHC already takes on when insuring mortgages Canada’s federal government will soon participate in the property bubble in a direct, equity-owning way through its new First-Time Home Buyer Incentive. But the merits of the program are questionable. Since the end of the Second World War,
CMHC Nudging More Aggressively into Housing Market
The risk of housing price declines piles onto the risk CMHC already takes on when insuring mortgages Canada’s federal government will soon participate in the property bubble in a direct, equity-owning way through its new First-Time Home Buyer Incentive. But the merits of the program are questionable. Since the end of the Second World War,