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Marketing Information One Blog Post at a Time
Canada, on the other hand, has a Crown corporation, the CMHC, which acts as the country’s top mortgage insurer. From a private banking perspective, this changes everything. If there’s a housing crash in Canada, the public is on the hook—the taxpayer will absorb the damage. In America, bailouts have to go through bureaucratic processes, and any banks seeking help would need to qualify—likely under the watchful eye of government auditors.