Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Canada Mortgage and Housing Corp. passes stress test extreme scenarios

Notify me of new replies via email
Real Estate Professional | 17 Nov 2016, 10:00 AM Agree 0
Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios
  • Jerry Rush | 17 Nov 2016, 10:30 AM Agree 0
    Who did the testing?
  • D.Thompson | 17 Nov 2016, 11:30 AM Agree 0
    It's all well and good that CMHC is happy with their position, but what about the first time buyers they have just made buying a house even further out of reach? Stop the first time buyer - you stop the chain. The products that are lower in price, more affordabe, are often strata and if there are any (age) restrictions involved, CMHC rejects approval. Government (and/or associated programs) at work for the people - right. It's time our tax paying citizens get at least the help that we offer our new citizens. After all, who is paying the bills??
  • Michael McLeod | 17 Nov 2016, 05:44 PM Agree 0
    While it seems like good sense to structure in such a way as to anticipate and weather unexpected downturns, it can lead to the kind of tunnel vision and single minded approaches that lead to the recent voter backlash south of the border. The analogy to the help we provide to new citizens and immigrants is quite apropos. As a REALTOR@, I see first hand the struggles first time buyers must face as they are slowly squeezed by rules and regulations designed to curb the practices of more affluent buyers and sellers. A little wider approach is called for.
  • David Lowe | 18 Nov 2016, 12:16 PM Agree 0
    Watching CMHC try and regulate the housing market is like watching a Rhinoceros trying dance the lead in "Swan Lake": The only measure of real success is if they don't destroy the set and trample the audience in the process........after which - they get to write their own review.
  • Mike Gustus | 20 Nov 2016, 06:32 PM Agree 0
    This type of extreme concern is what creates instability. In essence what the government is doing is lowering the standard of living in Canada. We don't all live in Toronto and Vancouver where there has been runaway pricing. What they are doing is forcing people to purchase lower priced homes.
    What a great approach.... force people to purchase smaller homes of less value for their families.
    This is what we are supposed to believe is a government that cares for people.
Post a reply