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Earlier I posted about how the banks shunned the latest CMHC auction to buy back their mortgage assets.  I had said that this shows some signs that the banks liquidity must be strengthening.Although this latest article still confirms this, there is a new explanation that is mentioned in the article and I confirmed with conversations with some leaders at the Canadian banks that the price CMHC is charging was too high, and that is why they never got as many takers?The problem is last month and in October (the last auction) it was completely sold out.  If the banks still NEEDED the money they would pay, so they don’t need it as bad…still good news

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