Mr. Chair, Professor Ian Lee believes that the government has “a plan for CMHC which it has not disclosed yet”.
The Financial Post says:
Rob McLister, editor of Canadian Mortgage Trends, agrees the latest moves are likely part of a larger government plan to slowly privatize the mortgage default insurance business.
Sources at Industry Canada told the Financial Post that the Department of Finance spearheaded CMHC's move to tighten mortgage insurance rules for that purpose.
I am asking the minister again: is the government preparing right now to privatize CMHC?