This and that for your Tuesday reading.
– Heather Scoffield reports on the Canadian Index of Wellbeing’s stunning finding that Canadian quality of life declined by a quarter between 2008 and 2010, while the Vancouver Sun and Lindor Reynolds comment on the collapse in well-being far beyond the economic damage of the recent recession. And . . . → Read More: Accidental Deliberations: Tuesday Morning Links
“Flaherty eyes privatization of CMHC.” Well that’s something big to watch. The Canada Mortgage and Housing Corporation is a profitable Crown corporation ($335 million in profit in the 2nd quarter) and has billions in assets. It is a stabilizing force in the Canadian housing market and by providing residential mortgage insurance, encourages home ownership.
Why . . . → Read More: Impolitical: Flaherty muses on CMHC privatization
Jim Flaherty is taking credit for saving consumers money by tightening mortgage insurance rules. So how many extra thousands of dollars did he cost Canadian homeowners when he loosened precisely the same rules before?
In December 2007, at the height of Calgary’s housing crunch, a report emerged from the Canadian Mortgage and Housing Corporation that confirmed what many had long suspected: the cost of renting a two bedroom apartment in Calgary eclipsed that of all major Canadian cities, marking the first time since the CMHC started tracking the data . . . → Read More: A. Picazo: Secondary Suites And The Right To Affordable Housing