It’s time for the government to sell or shut down CMHC
It’s unclear if the feds are doing higher-risk, lower-income mortgage debtors any real favours
It’s unclear if the feds are doing higher-risk, lower-income mortgage debtors any real favours
Operational and funding costs are huge: $548M in 2019 (before COVID-19) and $597M in 2021
State ownership means subservience of profitability to public policy aims. The taxpayers who are supposedly the ultimate shareholders have no real influence
Unsurprisingly, as a government car insurance monopoly, MPI’s history is marked by politics
The policy rationale for the existence of the CBC no longer meets the reality of the modern age