CMHC CEO says the program will have zero impact on house prices across the country
Prime Minister Justin Trudeau’s plan to make housing more affordable for millennials could result in shared gains — or losses — for taxpayers.
“If we take a $10,000 interest on a $100,000 home, then whatever they sell the house for, that percentage gain we share, whatever percentage loss, we share,” Evan Siddall, CEO of Canada Mortgage & Housing Corp., said in an interview.
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