CMHC’s massive sub-prime mortgage scheme helps keep up appearance of an economic recovery
The federal Conservatives have directed the CMHC to change the mortgage rules to effectively make the Canadian government the biggest sub-prime lender in the world.
VANCOUVER—What do the mid-recession housing boom and the Harper Conservatives' rise in the polls have in common? Answer: the Canada Mortgage and Housing Corporation's massive sub-prime mortgage scheme that is keeping up the appearance of an economic recovery.
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