2013-07-22

CMHC Is Canada's Freddie Mac

Hey, as long as prices keep rising it's all good, right?

The Canada Mortgage Housing Corporation (corporation..snicker), is holding guaranteed mortgages equal to the national debt.

Nice.

The Economist discusses Canada's housing bubble here.

B-b-but...we're smarter than Americans. Isn't that the obligatory narrative to keep prices up?

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