CMHC Privatization? Flaherty Eyes Selling Off Mortgage Insurer Within 5 To 10 Years

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TORONTO — The Globe and Mail reports that Finance Minister Jim Flaherty would like to privatize Canada Mortgage and Housing Corp. within five to 10 years.

The Globe's story is based on remarks Flaherty made during an interview.

The story notes Flaherty has introduced reforms to limit the government's exposure to Canada's mortgage insurance business, which CMHC dominates.

The Globe reports Flaherty would like to go even further and get out of the mortgage insurance business entirely.

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