Nobody but conservatives are winning those Alberta ridings. Kenney's and Harper's and suburban Calgary to boot.
BTW the two letter abbreviation for Alberta is AB, not AL.
That would probably have a lot of unintended consequences. I expect it would heavily distort prices around the cut-off, and it would be difficult to find a cut-off that would work well everywhere (and making it regional would cause calls of unfairness). I don't think that's a path they'd want to go down.
They do have restrictions on how long your loan can be for and how much you have to put down. For a while these were extremely loose (40-year zero down mortgages were a thing), but they did get tightened up at some point I believe.
BTW the two letter abbreviation for Alberta is AB, not AL.
Hmm makes sense... Are there any options other than privatization? Why can't the CMHC place a threshold on the insurance (insured up to a certain amount)?
That would probably have a lot of unintended consequences. I expect it would heavily distort prices around the cut-off, and it would be difficult to find a cut-off that would work well everywhere (and making it regional would cause calls of unfairness). I don't think that's a path they'd want to go down.
They do have restrictions on how long your loan can be for and how much you have to put down. For a while these were extremely loose (40-year zero down mortgages were a thing), but they did get tightened up at some point I believe.