When RE prices crash all buyers will have a great time!Even Royal LePage Agents can't figure this one out:
I think it will be awesome!It will be absolutely horrible when the whole mess does a nose dive.
The flaw in your argument is that the Canadian government doesn't have the excess cash now (ever heard of record deficits?) so if CMHC needs bailout it will be financed with increased deficit/money printing. This will simply add burden to all tax payers.You are correct about that Rickson however.... the Canadian Government has been getting all their excess cash for years. When/if they require capitalization from the Canadian Government it will be far less than the Canadian Government has received over the years. I bet that people will forget that and there will be a giant hue and cry.