CMHC stands alone as public agency calling for credit tightening: Mortgage Professionals Canada CEO
Paul Taylor, president and CEO of Mortgage Professionals Canada, discusses the CMHC's plea with Canadian banks to "reconsider" offering mortgages to highly leveraged households. He says that the federal intuitions such as the BoC and OSFI have all provided support and assurances to Canadians that they will enable access to credit at affordable terms.