The propaganda around CMHC says that it has a mandate to help get new home buyers get into the market sooner. What it does is drive up house prices with new government supported demand, destabilize the housing market with risky loans and now acts as a cash cow for the federal government (extra tax on those who can least afford it - middle class?). At least we know why CMHC raised its premiums recently. Trudeau needed more money to give away.