hfgnnnnn
@afdsdvdsvs
Mortgages with less than 20% downpayment are insured by CMHC, so for those the banks can drop the price to whatever they want, CMHC will reimburse the bank for whatever they lose on the sale. CMHC going bust and having to get bailed out by taxpayers is a real risk though!
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sacsc
@rgearga
CMHC-insured mortgages allow banks flexibility in pricing.
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