CMHC’s Siddall on the Hotseat: Commentary – Part II

THINK OUTSIDE THE BOX:  Could regulator arrogance be behind the rules and their hasty implementation?

Below is the second and last instalment of our commentary on the February 13th testimony to Parliament by CMHC’s CEO. (See part I here)

In that hearing, Evan Siddall argues that the new rounds of mortgage insurance rules were necessary and their side effects were fully intended.

His supporting data for his assertions comes under fire, however, with one opposition MP claiming regulator arrogance was behind the rules and their hasty implementation.

Here are Siddall’s positions in his words, with some “alternative” viewpoints.

Robert McLister                Canadian Mortgage Trends.com                 February 27, 2017

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