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Mortgage Broker News | 08 May 2015, 07:32 AM Agree 0
Brokers may have a tougher time getting clients qualified for CMHC insurance, but that isn’t affecting the Crown Corporation’s bottom line.
  • Darr Robbins | 08 May 2015, 09:52 AM Agree 0
    It's time to shut CMHC down. Taxpayers should not be on the hook for other peoples mortgages. Let the lenders/investors carry the credit risk on their books.
  • Omer Quenneville | 08 May 2015, 09:54 AM Agree 0
    Yes, it is quite effective in keeping those out of the market that need in the most. I guess the master plan is to keep those with a dream of home ownership out and we will take care of them when they retire. I know many will say "well, if they can't afford it they shouldn't be buying". We need to remember the purpose of CMHC was to get those less fortunate into the market and let them build pride and savings for the future. Now it is being used as a vehicle to widen the gap between the less fortunate and those that have more than enough.
  • Darr Robbins | 08 May 2015, 10:01 AM Agree 0
    Homes are unfordable because interest rates are abnormally low. Normalizing rates would allow young savers to accumulate for a down payment and would reduce house prices and improve their affordability.
    CMHC only serves as a conduit to transfer credit risk to the taxpayers.
  • Jerry Quigley | 08 May 2015, 10:08 AM Agree 0
    Yes, lets get that profitable business out of government and off the taxpayer's backs, Darr Robbins! There must be some losing propositions out there they can invest in.
    Maybe you can explain just how LOW interest rates make homes unaffordable.
  • Darr Robbins | 08 May 2015, 10:16 AM Agree 0
    All asset are priced as the inverse reflection of yields. The lower the yield, the higher the prices.
  • Darr Robbins | 08 May 2015, 11:29 AM Agree 0
    Interest rates must normalize to help young savers and pensioners alike. Negative real interest rates are unsustainable and immoral. They only serve to exacerbate malinvestments.
  • Ross Kay | 08 May 2015, 12:24 PM Agree 0
    This report contains tremendous power to debunk so many myths upheld to the public in the last few years. An educated review of the document clearly outlines exactly what has happened in the market, why and even what consequences consumers and CMHC are exposed to.

    This report only further identifies why those over 65 need to liquidate some of their real estate equity immediately. Those in markets where "peak pricing" is happening are now at risk of when the market swings.

    Be happy with the historical 11 plus years of bubble formation and capitalize. No other demographic group in history has had this opportunity and by all measures may not again.
  • Victor Simone | 08 May 2015, 02:54 PM Agree 0
    Since the second world war CMHC has evolved over time to help high ratio purchasers become home owners. In the 1950s folks had to have 25% to 50% downpayment to get a mortgage, so CMHC started insuring those mortgages against default.

    They helped Canadians buy a home for so very long, and they don't have to 100% divest or close, but evolve once more.
  • Guest | 08 May 2015, 04:04 PM Agree 0
    Is Darr Robbins into Austrian Economics?
  • Darr Robbins | 08 May 2015, 05:24 PM Agree 0
    Yes, very much so. It’s the only school of thought that does not think that you can get out of debt by borrowing more.
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  • Bob | 27 May 2015, 03:58 PM Agree 0
    Lots of SPAM comments on this article
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