CMHC boss leaves door wide open

Globe and Mail

Canada's national housing agency is at odds with the finance minister over what to do with our national housing bubble.  That makes one heck of a story.  Would that it were true - not from a government-in-crisis point of view, but at least from the standpoint of selling newspapers and creating clicks.  On Friday, Canada Mortgage and Housing Corp. chief executive officer Evan Siddall said he is looking at methods of shifting some risk from housing loans to banks.  It's not the first time he's mused on such things.  Still, reporters ran to ask Finance Minister Joe Oliver what that means, exactly.  Guess what?  Mr. Oliver said the government is not considering such things any time soon. The government's housing-policy left hand appears to not know what the right hand is doing.  One major media outlet suggested Mr. Oliver "played down" the notions that Mr. Siddell put forward.

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Michael James

Michael James

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