CMHC won’t be privatised in the next decade says Oliver

CMHC won’t be privatised in the next decade says Oliver

CMHC won’t be privatised in the next decade says Oliver The Canada Mortgage and Housing Corporation will stay as a federal agency, at least for the next ten years. Finance minister Joe Oliver was speaking Thursday at the Bloomberg Canada Economic Summit and said that although the CMHC could be “somewhat less of a player” he highlighted the agency’s important contribution to the residential housing market in making a mortgage more accessible to more people. On the wider topic of the market Mr Oliver said that he didn’t see a need for any immediate shift in policy but said that if that changes the government will act as appropriate. 
 
5 Comments
  • Darr Robbins 2015-05-22 8:19:06 AM
    The man's has been bought and paid for by the banks who knows that CMHC is a good thing for them. Oliver is the former head of the investment Dealer's association and plague with scandals there. As if we expected anything more?
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  • Darr Robbins 2015-05-22 9:07:01 AM
    His past is water under the bridge and mostly forgotten by the media but remnants can still be found here:

    http://investorvoice.ca/IDA/IDA_Scandal.htm
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  • LanceH 2015-05-22 10:43:36 AM
    I disagree with privatizing CMHC, because they're "too big to fail", and once in that category, it's irrelevant who owns it, we'll all be bailing it out should it ever come to that, though I for one don't expect it to. We might as well keep the avg 2B / yr profit.
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