CMHC to privatise?
- Thread starter nigelwray1982
- Start date
Makes sense.
The government should not be in the bank risk reduction i.e. mortgage insurance business !
The government should not be in the bank risk reduction i.e. mortgage insurance business !
From what I have read the timelines for this are quite long ~10 years? I think the conservative government is throwing this idea out there to see what the public response is.
Devil is always in the details on how they privatize it. I personally would like to see CHMC's mandate and role reduced rather then outright privatization.
Devil is always in the details on how they privatize it. I personally would like to see CHMC's mandate and role reduced rather then outright privatization.
If CMHC makes a profit why wouldn't the government want to keep it? Why wouldn't tax payers want to keep it?
[quote user=kir]CMHC produces a lot of research on the side as well, which has a benefit.
RBC and other banks also produce good market research. There's no reason it couldn't be a function of a private CMHC. There's also StatsCan which specifically has research and reporting as part of its mandate.
RBC and other banks also produce good market research. There's no reason it couldn't be a function of a private CMHC. There's also StatsCan which specifically has research and reporting as part of its mandate.
Sorry to be the bearer of bad news but:
Canada not planning to privatize CMHC: official
Mon Oct 22, 2012 2:42pm EDT
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Article
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OTTAWA (Reuters) - The Canadian government
denied on Monday a media report that suggested Ottawa might partially privatize
the state-run housing agency, the Canada Mortgage and Housing Corporation
Society (CMHC).
The Globe and Mail newspaper published an interview with Finance Minister Jim
Flaherty who said the CMHC's role in the mortgage insurance business meant it
had become grander than its original mandate. He also said the government should
exit some businesses in five or 10 years.
"Despite what the Globe and Mail said, there are no plans to make that change
at this time," said Junior Finance Minister Ted Menzies.
(Reporting by Louise Egan; Editing by Sandra Maler)
Canada not planning to privatize CMHC: official
Mon Oct 22, 2012 2:42pm EDT
Print This
Article
[-] Text [+]
OTTAWA (Reuters) - The Canadian government
denied on Monday a media report that suggested Ottawa might partially privatize
the state-run housing agency, the Canada Mortgage and Housing Corporation
Society (CMHC).
The Globe and Mail newspaper published an interview with Finance Minister Jim
Flaherty who said the CMHC's role in the mortgage insurance business meant it
had become grander than its original mandate. He also said the government should
exit some businesses in five or 10 years.
"Despite what the Globe and Mail said, there are no plans to make that change
at this time," said Junior Finance Minister Ted Menzies.
(Reporting by Louise Egan; Editing by Sandra Maler)