Uninsured mortgages soar to 8-year high, even as Canada's housing market cools

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SethM
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Uninsured mortgages soar to 8-year high, even as Canada's housing market cools

Post by SethM »

Banks lobbied CMHC and the Government to tighten up mortgage rules making it harder on the monolines. Now we see a surge in conventional financing. The banks could not have planned this any better. Conventional lending is more profitable for Banks especially when they have no competition due to taking CMHC and monolines out of the market.

http://business.financialpost.com/real- ... rket-cools
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