http://www.gregwilliamson.ca/blog/2009/01/26/this-is-bad-shame-on-you-federal-government/ Canadian and Alberta Real Estate and Mortgage Market Information with a slant toward positive comments in light of all the negative information out there Wed, 08 Sep 2010 19:24:07 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.gregwilliamson.ca/blog/2009/01/26/this-is-bad-shame-on-you-federal-government/comment-page-1/#comment-524 Jason Dodd Thu, 29 Jan 2009 14:45:55 +0000 http://www.gregwilliamson.ca/blog/?p=171#comment-524 Many lenders are open in their stance that CMHC is currently the insurer of choice. I think this is a mistake when we are supposed to be in a open and competitive market. What are lender incentives to use CMHC? Is there something we are not told or is it simply it is more advantageous from the lender risk standpoint to use CMHC because they have this unfair advantage. Either way it is a scary prospect when CMHC is the force driving the guidelines in lending and messing with the valuation of properties. Too much power in one aspect of real estate won't help balance our market. Many lenders are open in their stance that CMHC is currently the insurer of choice. I think this is a mistake when we are supposed to be in a open and competitive market. What are lender incentives to use CMHC? Is there something we are not told or is it simply it is more advantageous from the lender risk standpoint to use CMHC because they have this unfair advantage.
Either way it is a scary prospect when CMHC is the force driving the guidelines in lending and messing with the valuation of properties. Too much power in one aspect of real estate won’t help balance our market.

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