Quote:
Originally Posted by OMG!WTF!
Wouldn't it be more protection for the insurers than anything? Banks are already protected through CMHC. Accordingly, I wonder if CMHC will be raising their rates since the amount they charge is dependent on the LTV of the loan. So this will cause a drop in CMHC revenue. Or will they leave their fees and account for it via less risk?
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Yeah I guess CMHC, that makes sense. Regardless though, it's not designed to take buyers out of the market. Its designed to make people not walk away from their investment of cash if things get ugly.