When will renters see some taxpayer dollars?

We live in a crazy world. Canada's mortgage market has traditionally had a high level of Government involvement (through guarantees, guaranteed mortgage insurance and funding of non-banks). The Canadian government, fearing it is causing a housing debt bubble, is gradually seeking to back away from this tradition. At the same time Australia's Senate Economics Reference Committee, in it's report into 'The post-GFC banking sector', and in response to submissions by the MFAA (Mortgage and Finance Association of Australia), has suggested we investigate it further. Yes, just at the time the Canadians are becoming aware of the flaws in their model,...

We live in a crazy world. Canada's mortgage market has traditionally had a high level of Government involvement (through guarantees, guaranteed mortgage insurance and funding of non-banks). The Canadian government, fearing it is causing a housing debt bubble, is gradually seeking to back away from this tradition.

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