True. This increase will also goose financial industry profits. Longer amortizations and opening higher cost housing to smaller downpayments via raising the insurance cap means more interest paid to lenders. With risk passed along to the insurance cos like the quasi-public CMHC.

The reason why a great man is great is that he resolves to be a great man.

The policy shift could boost financial sector earnings by extending loan repayment periods and allowing for higher mortgage amounts with smaller down payments, potentially increasing interest revenue for lenders.