Canada's federal budget, set to be announced next month, is expected to allocate billions of dollars to address the housing crisis by investing in building homes and low-cost housing programs. The government is planning to use a significant portion of the forecast deficit to support mortgages, with concerns raised about the strategy being likened to a hedge fund approach. Deputy Prime Minister Chrystia Freeland praised the affordability of a new 245-unit apartment building in downtown Victoria, B.C., highlighting the government's focus on providing affordable housing solutions.
Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages "The Liberal government is essentially borrowing money to buy the investments they guarantee, with bonds they also guarantee. It’s even dumber than it sounds." https://t.co/arvK5OEXeZ
"Deputy Prime Minister Chrystia Freeland is gushing about a new 245-unit apartment building in downtown Victoria, B.C., and how “affordable” its units are." https://t.co/EHG2OCwVch https://t.co/ViscIquDEK
Here comes the much anticipated Canadian Government bailout of the mortgage market. https://t.co/NeCGsCDBK0
Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages https://t.co/2Vviw3pgSn
ICYMI, the Government of Canada is now a hedge fund executing a carry trade of issuing $30B in GoC bonds to buy higher-yielding CMBs and either pocket the spread or force insured mortgage rates lower. Is this wise? https://t.co/9Gm20h0wUs https://t.co/JkgFFnrOHx
⚠️ CANADA'S FEDERAL BUDGET SET TO ALLOCATE BILLIONS TO TACKLE HOUSING CRISIS, SAYS MINISTER Full Story → https://t.co/6hU8SQVNs6 Canada's federal budget, due next month, is likely to allocate billions of dollars for investing in building homes and low cost housing programs,… https://t.co/XH0MDQ0WOe