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Should CMHC be Privatized?

Blog by Brad Herman | April 25th, 2013

When Jim Flaherty unveiled the 2013 federal budget, and showed his policy changes to CMHC, it brought up once again the question of whether or not CMHC should be privatized. This is not a new conversation, but the recent changes are already going to limit the amount of CMHC mortgage insurance that’s eligible to consumers, and so it’s brought the topic up once again. What’s the answer in the end? No one knows just yet, but it is fairly obvious that either way, it’s going to be consumers that pay the ultimate price.