agrsa
@fdhrthb
In the 50s, the CMHC guaranteed the purchase of unsold new build units while also financing water, sewers, and roads. They also set price ranges that they wanted developers to hit. Now it largely guarantees mortgage securities ($11B/mth). Govt can do lots of things if it wants to
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rf
@rfrss
CMHC's role in housing has evolved from direct intervention to mortgage securities backing.
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