Rather than stoke demand with such measures, CMHC president and chief executive Romy Bowers said she’d like to see the country focus on boosting supply, which Canada has been short of for years
The head of Canada’s housing agency says measures such as extending mortgage amortizations and changing the threshold to qualify for an insured mortgage are not the answer to the country’s housing affordability challenges.
She’s not in favour of expanding the amortization period because she thinks the move would just make credit more available.
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