Send us a textIn this episode, David Fleming critically examines the Canadian Mortgage and Housing Corporation (CMHC) and its impact on the average Canadian. Despite the CMHC's mandate to make housing more affordable, David argues that their policies have failed, often making housing less accessible and more expensive.David begins by exploring the paradoxical logic behind CMHC's approach: reducing demand by making housing more difficult to buy to lower prices. He discusses key policy changes, such as the removal of 107% financing, 40-year amortizations, the mortgage stress test, and increased down payment requirements. David highlights how these measures, intended to cool the market, have ultimately hurt prospective homebuyers.This episode is essential listening for real estate professionals, homeowners, and anyone interested in the Canadian housing market. Join David for a candid look at CMHC's policies and their real-world implications.In This Episode:The paradox of CMHC's affordability measuresHistory and evolution of CMHC policiesKey policy changes and their impactsUnintended success in strengthening the banking systemWhy CMHC's efforts have failed average CanadiansTimestamps:00:01 - Introduction00:30 - Overview of CMHC and its Mandate01:00 - Paradoxical Logic of CMHC's Approach05:00 - History of CMHC Policies06:30 - Impact of 107% Financing Removal09:00 - Removal of 40-Year Amortizations11:00 - Mortgage Stress Test Introduction13:00 - Increased Down Payment Requirements15:00 - Policy Impacts on Homebuyers17:30 - Strengthening the Banking System20:00 - Conclusion and Key TakeawaysDon't Miss:David’s insights on the housing marketReal-life stories and analysis of CMHC policiesSubscribe to The Last Honest Realtor on YouTube or your preferred podcast platform. Be sure to like, comment, and share your thoughts on this episode!Support the showSubscribe and Follow:Toronto Realty Group WebsiteToronto Realty Group YouTubeToronto Realty Blog InstagramToronto Realty Blog TwitterToronto Realty Blog Facebook

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