ISSUE 144_04052018_BRISBANE&GOLD COAST PROPERTY WEEKLY BK2

AE &_ Associates L AW A N D M I G R AT I O N

宏信律師及移民事務所 商業法務

土地開發

遺產管理

意外索賠

僱主擔保

刑事辯護

民事訴訟

婚姻家庭

商業投資

各類移民

Alan Ng 吳緯倫 • 澳大利亞最高法院註冊律師 • 澳洲聯邦法院註冊律師 • 昆士蘭最高法院註冊律師 • 昆士蘭律師公會會員 • 澳大利亞移民協會

主任律師

MOB: +61 415 668 668 微信 | LINE | WhatsApp

• 註冊移民代理（MARN 1574947） ID: Alanng-AE • 法律學碩士（昆士蘭科技大學） • 法律實踐研究生文憑（昆士蘭科技大學） • 法律學學士（昆士蘭大學） • 商科學士（昆士蘭大學）

Saturday Open Homes Acacia Ridge

12 - 12:30pm

$429,000+

27 Aji Street

12 - 12:30pm

$520,000+

9 Kinedana Street 23/17 Riley Street 32 Rivergum Place 21 Poinsetta Crescent

Auction $416,990 Auction Auction

15/43 Doulton Street 32/43 Doulton Street 52 Sheldon Street 53/18 Mornington Court 58/18 Mornington Court 34/88 Kameruka Street 33/88 Shelduck Place 1/19 Reardon Street 12 Tequila Court 16 Juxgold Place

9 - 9:30am 9 - 9:30am 9 - 9:30am 9 - 9:30am & 4:30 - 5pm & Tue 5:15-5:45pm 10 - 10:30am 10 - 10:30am &12 - 12:30pm 11 - 11:30am 1 - 1:30pm & Tue 6 - 6:30pm 2 - 2:30pm 2 - 2:30pm 2 - 2:30pm 3 - 3:30pm 3 - 3:30pm 3 - 3:30pm 3 - 3:30pm 4 - 4:30pm 4 - 4:30pm 4 - 4:30pm

2 Little Court

12:30 - 1pm

$536,000+

31 Leven Street 16 Evenwood Street 210/15 Bland Street

10:00 - 11:00am 11 - 11:30am 12 - 12:30pm

$435,000+ $599,000+ $459,000

54 Slobodian Avenue 62/15 Violet Close 32 Trevi Close

9 - 9:30am 9 - 9:30am 10 - 10:30am & Wed 6 - 6:30pm

$465,000+ $360,000+ Auction

18 Chandler Street

Algester

Calamvale

72 Candytuft Place 17 Waterlily Place 16 Injune Circuit 21 Aster Place

Carindale

Coopers Plains

Eight Mile Plains

$499,000+ Auction $799,000+ Auction $404,000 $409,000 Auction $329,000+ $325,000+ $299,000+ $359,000 $330,000+ Auction $930,000+

$928,000 Make an offer Auction

1 Sunshine Place 9 Ruby Close 15 Tapioca Street 16 Ngairi Close

11 - 11:30am 12 - 12:30pm 12 - 12:30pm & Wed 5 - 5:30pm 1 - 1:30pm 1 - 1:30pm 1 - 1:30pm & Wed 6 - 6:30pm 2 - 2:30pm 2 - 2:30pm 2 - 2:30pm 3:30 - 4pm

252 Compton Road (Sat - Sun)

2 - 4pm

$422,900+

9 Valley Street 9 Wild Cotton Close

11 - 11:30am 11 - 11:30am & Wed 6 - 6:30pm 3 - 3:30pm

Tender Auction

11 - 11:30am

Auction

10 - 10:30am 10 - 10:30am 12 - 12:30pm 2 - 2:30pm

$719,000 $428,000+ $415,000+ $749,000+

2 - 2:30pm

$385,000+

1 - 1:30pm 2 - 2:30pm 2 - 2:30pm 3 - 3:30pm 3 - 3:30pm

$1,090,000+ $1,250,000+ For Sale $1,275,000+ For Sale

9 - 9:30am 10 - 10:30am

$498,000+ $355,000

46 Ingluna Circuit 1/248 Padstow Road 51 Ingluna Circuit 33 Avonlea Close 19 Gagarra Street 208 Bleasby Road

Karawatha Kuraby

155 Rubicon Crescent Macgregor 32 Fleetwood Street Parkinson 8 Woodlark Crescent 33/7 Norfolk Street 6/8 Norfolk Street 5 Nungatta Court Robertson 7/9 Lawrence Close Rochedale 59 Phoenix Street 71 Finch Parade 16 Paragon Street 61 Splendour Street 98 Splendour Street Runcorn 48/25 Silkyoak Street 40/82 Daw Road

5th May 2018

欢迎参观本周的开放房产

26/2 Corella Place 91 Gumtree Street (& Sun) 16/39 Gumtree Street 7 Lee Close 46/20 Young Place 13/62 Victor Street 32/39 Gumtree Street 8 Sentry Place

$850,000+ $678,000+ Auction $950,000+ $1,400,000+ Auction $1,085,000+

24 Comet Street 34 Bruna Street Springfield 14 Tiber Crescent Stretton 48 Juniper Circuit 7 Beechwood Close Sunnybank 26 Samara Street 172 Young Street Sunnybank Hills 106 Garro Street 19 Mintwood Street

$770,000+

s

42 Bywood Street 47 Callendar Street 6 Jales Street 7 Tanby Street 90 Morden Road 7/51 Othello Street 6/12 Grandchester Street Upper Mount Gravatt 7-15 Cremin Street (Fri & Sat) 11 Nagle Street Wishart 25 St Clair Crescent 15 Sandwell Close 50 Craig Street 24 Anise Street

$358,000+ $515,000+ $379,000+ $369,000+ $359,000+ $279,000 $359,000+ Auction

9:30 - 10am

$389,000

10 - 10:30am 10 - 10:30am

$948,000 $1,298,000

12 - 12:30pm 12 - 12:30pm

$799,000+ $1,150,000

9 - 9:30am 9 - 9:30am & Wed 5:30 - 6pm 10 - 10:30am 11 - 11:30am 12 - 12:30pm 1 - 1:30pm 1 - 1:30pm 2 - 2:30pm 3 - 3:30pm

Auction Auction

11am - 3pm 12 - 12:30pm

$452,000+ $729,000

10 - 10:30am 11 - 11:30am 12 - 12:30pm 2:30 - 3:30pm

Auction Auction $899,000+ Auction

$580,000 $649,000

$498,000+ $1,250,000 $625,000 $549,000+ $450,000+ Auction $400,000+

New Open Home

現

埸

拍

賣

|本 週 六

For more listings, please visit 如欲查詢更多房產資料，請瀏覽網址 sunnybankhills.ljhooker.com.au

10 - 10:30am 11am - 12pm 11 - 11:30am 12 - 12:30pm 1 - 1:30pm 1 - 1:30pm 1 - 1:30pm 1 - 1:30pm & Tue 5 - 5:30pm 2 - 2:30pm 3 - 3:30pm

業主已搬遷，本週六拍賣必售！

Robertson Street Calamvale 62 17Janda Waterlily Place

64

超過千米的生活空間，時尚外觀丶 絕無僅有設計，最先進家居設備 新近翻修，挑高天花板 這座經典的單層住宅已安裝新燈飾及新粉漆，煥然一新。佔地 美觀住宅擁有6間寬敞臥室， 2年新，是該地區最好的房產之 795平米，短步可至車次頻繁的150巴士（至市區）。背靠全新 一 。 美化的Gowan Road公園，新鋪水泥小徑，寧靜安逸。全柵欄圍 採用現代環保設計，金屬丶 玻璃和鉻合金等建築材料，包括硬 護，易於打理，是不可多得的理想之選！ 木、石灰華和大理石等，擁有多個娛樂休閒空間。 光線充沛，通風優良。精美的開放式前廳內自然光線由超大落地 前院擁有景觀花圜，開放式佈局，明亮通風；擁有設備齊全 窗透入，使屋內雅緻而有格調。廚房大氣寬敞，擁有便利的環繞 的媒體室和遊戲室，別具一格的廚房位於住宅中心，裝有高 式長檯，現代化電爐和充足的儲物空間。另有一扇大窗可觀望後 檔Miele 廚具和毗鄰戶外吧台的製冷室。 院，以便照看玩耍的孩童。 雙開門直通室外活動區，裝有一體化廚房丶 吧台丶浴室、風扇丶制 客廳內的挑高天花板延伸空間感，空調則可使您在昆士蘭炎熱的 熱系統和擴音器，可俯瞰游泳池和獨立Spa。 夏季依然保持涼爽。客廳延伸到後院，配有鋪砌完好的帶頂露 樓下有家庭辦公室，獨立化妝室，洗衣房和帶陽臺和走入式 衣帽間的精美客臥套間。

售價

台，無疑是與家人朋友共享歡樂時光的完美地點。無論孩童是在 樓上有大量舒適休閒空間，1間超大活動室四周環繞5間寬敞 水泥地上玩耍，或是在草坪中踢球，您都可以坐在一旁休憩，享 臥室，每間臥室均裝有浴室和走入式衣帽間。主臥套間擁有 陽臺、壁爐和5星級浴室。 受美食香飲。聚齊朋友們在此烤肉也是不錯的選擇。 臥室的配設亦十分周全。4間臥室全部鋪設木地板，配置嵌入式 特色： 衣櫃。主臥內有單獨的超大步入式衣櫥。另有一間書 • 10KW換流器 &20德國太陽能板 30,000L地下水箱； 房，可作第五間臥室。主臥寬敞無比，休息區和獨立衛 5,000L咸水水箱 浴休閒又便利，另裝有24片太陽能板。 • 報警系統，密礪鎖，9個CCTV監視器

• 中央吸塵和中央空調 這是一座極好的家庭住宅，擁有著罕見的超大面積。周 • 燈光系統；百葉窗 邊有數間幼兒園。對於想要安居的家庭也是極佳選擇。 您的夢想皇宮，只此一間，非你莫屬。 趕快致電Jackson Chow預約參觀吧！

聲明：以上資料及信息地來自可信任的來源，但我們無法保證或承諾訊息的絕對性。有興趣人士必須依據自身調查所得出的結論作決定。

聲明：以上資料及信息地來自可信任的來源，但我們無法保證或承諾訊息的絕對性。有興趣人士必須依據自身調查所得出的結論作決定。

WeChat ID:

LJHookerSBH WeChat ID:

LJHookerSBH

7.5 2

6 2

1

歡迎來電查詢

5月5日 週六 12:30pm 現場拍賣 865平方米 佔地面積 佔地面積 795 平方米 參觀 敬請預約 參觀

週六 10-10:30am 週六 12-12:30pm 週三 5:15-5:45pm

ljhooker.com/4963F4R

ljhooker.com.au/56FMF4R

Jackson Chow 周錦昇

0435 998 468 Peter Florentzos LJ Hooker Sunnybank Hills 0414 311 526 3344 0288 25 Pinelands Rd, Sunnybank Hills LJ Hooker Sunnybank Hills 3344 0288

25 Pinelands Rd, Sunnybank Hills

六 週 本 ｜ 觀 參 放 開 Macgregor 32 Fleetwood Street

5

黃金地段，雙層住宅，一屋兩戶！

2

2

現場拍賣

5月12日 週六 11:30am

這座超大兩層住宅為家庭生活提供充足空間，豐富的選 擇，可發展為一屋兩戶居住模式。周邊商鋪設施一應俱 全，生活極其便利。

臥室均設有嵌入式衣櫥。

佔地面積

607 平方米

其他特色:

參觀

週六 11-11:30am

位於靜街高處，從樓上陽台可觀賞Mount Gravatt優美景 觀。高人氣地段 ，周邊設施應有盡有。數分鐘可至學校， 商鋪，巴士站，餐廳，咖啡館，幼托所，火車站，Garden City, Market Square, Sunnybank Plaza, MacGregor公立 學校及格里菲斯大學等。

• 樓梯下方可儲物

ljhooker.com.au/56FZF4R

佔地607平米，整潔的前院落伴有綠茵草地及側邊通道。 水泥車道擴大了停車空間。樓下有獨立起居空間，可供 學生，老人或青少年獨立居住。底層無比寬敞：超大娛樂 室，雅緻入口伴隨通向上層的樓梯，設施完整的廚房，臥 室以及後院。廚房面積超大，擁有現代化家電，大量儲物 空間和早餐吧。周邊空間鋪設地毯，可盡情休閒和用餐。 上層擁有巨大的客廳和用餐區，燈飾別緻，地毯柔軟，可 至屋前陽台。第二間廚房位於客廳一角，維護良好，擁有 精美的玻璃櫥櫃，寬大檯面及大量儲物空間。該層4間寬敞

• 水箱 • 空調 • 屋前露台及屋後陽台 • 易於打理的院落 • 步行可至周邊設施 這座家庭住宅位於Macgregor房價高昂的區域，功能齊 全，面積巨大，實屬難得一遇的大好機會！既 可用於投資，亦可翻修成為精美豪華的大宅！ 此屋必售！趕快預約參觀吧！

聲明：以上資料及信息地來自可信任的來源，但我們無法保證或承諾訊息的絕對性。有興趣人士必須依據自身調查所得出的結論作決定。

WeChat ID:

LJHookerSBH

Peter Florentzos 0414 311 526 LJ Hooker Sunnybank Hills 3344 0288

25 Pinelands Rd, Sunnybank Hills

二 週 |本 週 六 及 觀 參 放 開

Sunnybank Hills 7/51 Othello Street

3

新近翻修的聯排別墅！

現場拍賣

此屋地段極佳，位於高人氣的Sunnybank Hills，短步可至Sunnybank Hills和 Calamvale Central購物中心，以及車次頻繁的巴士站。

此屋位於享有聲望的Sunnybank Hills公立學校 學區內，極短車程可至Sunnybank Plaza，對 於家庭而言是極好的選擇。

小區內僅12間聯排別墅，其中8間內均為自住業 主。這樣便利的地段和高品質的房屋必然會吸引 來高素質的租客，投資者無需擔憂。

這座聯排別墅實屬珍品，僅此一套，不容錯 過！趕快致電Ben Leong吧！

2

2 5月12日 週六 2:30pm

參觀

週六 2-2:30pm 週二 6-6:30pm

ljhooker.com.au/56RUF4R

此屋近期翻修之後煥然一新，全屋鋪設耐磨木地 板，配置全新烤箱和洗碗機，新近粉漆。客廳內 設空調，別緻的隔墻增加了空間感。廚房內設置 了便利的早餐吧和可以觀望後院的窗戶。 樓上精美的主臥內有衛浴間，十分方便。另外兩 間臥室可改造為私人書房，以便在家工作。陽台 上可俯瞰周邊景色，美不勝收。 聲明：以上資料及信息地來自可信任的來源，但我們無法保證或承諾訊息的絕對性。有興趣人士必須依據自身調查所得出的結論作決定。

Ben Leong Team 0407 712 392 WeChat ID:

LJHookerSBH

LJ Hooker Sunnybank Hills 3344 0288

25 Pinelands Rd, Sunnybank Hills

超级星期六 Super Saturday Place Sunnybank proudly presents:

本周六5月5日 现场拍卖 拍卖1 Auction

71 Lake Eyre Crescent Parkinson 现场拍卖: 10:00am 5房間 2衛浴 4車 900平方米

拍卖2 Auction

27 Edith Street Sunnybank 现场拍卖: 11:30am 4房間 2衛浴 2車 1014平方米

拍卖3 Auction

6 Katie Court Sunnybank Hills 现场拍卖: 12:00pm 4房間 2衛浴 2車 703平方米

地 板 直 销

www.linflooring.com.au | Linsflooring@gmail.com

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Why Chinese investors find Australian real estate so alluring

ownership system that segregates r u ra l a n d u r ba n l a n d o w n e r s h i p systems. Rural cooperatives own t h e r u ra l l a n d o w n e r s h i p r i g h t s .

Cooperative members can only sell to other members of the same rural cooperative.

This limits competition for rural land and keeps rural land prices low. But it also means rural land is an unattractive investment choice for Chinese.

Chinese investors are often blamed for Australia’s escalating house prices but a number of factors might mean the demand will drop off in coming years.

A recently released report fou n d investment in residential real estate by the Chinese is slowing. A s the gap in rental yields between the two countries closes and house prices increase, Australian residential real estate is beginning to look less attractive. The lifting of restrictions on Chinese urban residential property ownership and personal investment monetary restrictions may also play a part.

China has A$1.34 million high net worth individuals and 568 billionaires.

Their combined net worth is equivalent to Australia’s GDP. Many Chinese investors have access to both legitimate and hidden income and wealth and seek to invest both in overseas real estate. This is at a time when China is in the grip of its own housing affordability crisis.

Why Australia has seemed attractive

In 2015, Chinese investors ploughed a p p rox i m ate l y A $ 6 . 8 b i l l i o n i n to Australian commercial and residential real estate. Current Foreign Investment Review Board (FIRB)policies channel i n co m i n g rea l e state i n v e st m e n t funding into new dwellings, creating additional jobs in construction and supporting economic growth.

Though temporar y Australian residents may be required to sell older residential property when they leave Australia, many foreign nationals are able to retain, rent out, sell or live in newly constructed dwellings. This is a major draw card for Chinese investment in new residential buildings.

Other pull factors include Australia’s stable financial institutions, compared to China,, well regulated land title system, buoyant real estate market, high capital gains rates in major cities and lower deposit requirements.

A u st ra l i a ’ s F o r e i g n I n v e st m e n t Review Board (FIRB) may keep an eye on these factors when considering new foreign investment in the housing market, but it struggles to counteract the push effect of Chinese property law restrictions and investor needs.

Factors in China at play

Conditions in China’s economy and regulator y environment also push Chinese investors to focus on overseas markets. The depreciation of the Chinese currency is a significant force.

As this currency is devalued, Chinese investors reconsider what and where they can afford to purchase.

Australia’s rental yields of 2-3% in major cities are twice that of China’s.

Legislative changes to residential property investment in China also makes Australia look appealing.

China has a dual property

Urban land, on the other hand, remains state owned with a 70 year lease system to housing owners. The system limits ownership of urban residential buildings to people with urban registration or those that have lived in and paid taxes in the same urban area for five consecutive years.

This situation stops many Chinese from being able to purchase urban residential property.

Between 2011 and 2015, those who did have the appropriate registration were limited to a maximum purchase of two residential properties within their urban area – one property to live in and one as an investment. This limitation still applies in Beijing.

The limitation was put in place to counteract major housing affordability discontent as an increasing number of people were locked out of the housing market. This problem is exacerbated by the 30% deposit requirement on residential real estate purchases. This combination of factors forces many Chinese investors into purchasing properties on China’s black market where ownership is uncertain or seek investment opportunities outside China.

The Chinese State Administration of Foreign Exchange introduced new regulations to tighten the flow of capital from China in November 2016.

This agency is tasked with the approval of outgoing overseas payments of more than US$5 million. However, most housing acquisitions in Australia fall below this limit.

From 2017, a new rule was introduced to limit the yearly foreign currency holding to US$50,000 for individual investors..

Larger Chinese development

companies operating in Australia are known to sell individual residential

un i ts “o ff the pl a n” dire ctl y to Chinese property investors. Where

this is the case, the developer has a vested interest in finding ways to

circumvent the new limits on foreign currency holding in order to settle a contract. However, it will take time for developers to adjust their methods.

A s h o u s e p r i ce s i n c r ea s e , r e n ta l yields generally fall. This is due to the

large amount borrowed by investors compared to what they receive in rental income.

Though rent prices have increased

significantly in Melbourne and Sydney, they have not kept pace with house

prices. Rental yields have fallen in major cities.

In China, where the rental yield is

1-1.5%, some investors reconsider whether it is worth the effort of renting

out their properties. Instead, they rely on the capital gain to create a profit while leaving the property vacant, preventing wear and tear to it. This

practice has serious implications

for the supply of rental properties in China.

As Australia continues to struggle with escalating house prices and decreasing

rental yields, residential real estate investment becomes less attractive

as a long term investment for Chinese investors. The reliance on capital gains

may result in higher numbers of vacant properties in Australia, counteracting the FIRB’s intentions.

The restrictions enacted by Chinese

regulators may slow the flow of

money out of China in the short term.

However, Chinese investors are likely to find ways to circumvent these

restrictions. The lifting of restrictions

on Chinese residential property

ownership may refocus investment choice location to within China.

Australia and Canada have a lot in common when it comes to property — both nations have record housing debt and have had surging prices in two of their key cities.

But there are some key differences in housing policy and financial practices that may make Australia more vulnerable to a housing crash.

These differences have been highlighted by the chief executive of Canada Mortgage and Housing Corporation (CMHC), Evan Siddall, who was the keynote speaker at a recent conference hosted by the Australian Housing and Urban Research Institute (AHURI).

In an exclusive inter view with the A B C , M r S i d d a l l to u c h e d o n fo u r r e a s o n s w h y A u st ra l i a m i g h t b e more vulnerable to a severe housing downturn than Canada, as well as one key area where both countries are taking a similar approach — foreign investors.

Australians have more debt than Canadians

Canadian households have a lot of debt, in fact their debt is slightly bigger than the annual output of the nation's entire economy, 101 per cent of GDP. That debt level is twice as big as it was at the start of the 1990s.

Mr Siddall said it is a key concern for Canada's policymakers.

" W e ' re n ot p ro u d o f t h e l e v e l o f indebtedness in Canada and we're quite concerned about it — it's even higher in Australia," he observed.

Australia's household debt is 122 per cent of our annual economic output — that level has surged much more than two-and-a-half times what it was at the start of the 1990s.

Why is this a problem?

"Because debt is basically spending future income — what you're doing i s you' re mortgag ing y ou r fu tu re economic growth," Mr Siddall explained.

"The correlation between high house prices and high indebtedness and a future economic recession is extremely high."

Evan at record low interest rates, Australian and Canadian households are struggling with the burden of large interest bills.

In Australia, this is already showing up in weak consumer spending which is

Real estate: Australia's property market is riskier than Canada's, here's why

dragging on economic growth.

That is a trend that will only get worse as rates eventually rise back towards more usual levels.

Australians 'vulnerable' to rate shock, Canadians less so

Rising interest rates is another area where Canada may have an advantage over Australia.

Not only are Canadian households less indebted, but they also tend to have fixed-rate mortgages.

"Seventy-five per cent of our mortgages are five years or longer and so, even in the event of a rate shock, we only have about 25 or 30 per cent of mortgages that come due every year and are required to be refinanced and therefore exposed to that interest rate risk," Mr Siddall explained.

When told that somewhere around 80 per cent of Australian mortgages were on variable interest rates, Mr Siddall was taken aback.

"That is a vulnerability," he responded.

"That makes Australian mortgage holders more subject to rate shock than they would be here in Canada."

Canadians are currently being tested, with the nation's central bank having lifted rates twice in the second half of this year.

Although Canadian interest rates remain lower than Australia's official cash rate, at 1 per cent versus 1.5 per cent.

Australia's tendency towards variable mortgages was seen as a strength during the global financial crisis, as it meant most households got an immediate benefit from the Reserve Bank's dramatic interest rate cuts, but it means Australians are immediately vulnerable as global interest rise back to more typical levels.

Canada insures its banks' risky loans — and charges for it

A s h i g h l i g h te d d u r i n g t h e g l o ba l financial crisis, many large banks are considered "too big to fail" and will be bailed out if a housing market crash leads to large losses.

Australia's big four banks benefit from this implicit guarantee by receiving lower interest rates when they raise

money on international markets — their credit ratings are effectively linked to the Australian Government's.

Mr Siddall said that creates what economists call "moral hazard".

"There's an incentive for people to lend rather less prudently because the y belie ve the y can count on a government bailout," he explained.

Canada also has banks that are too big to fail and would probably be bailed out if they got into trouble.

However, it also requires banks to take out mortgage insurance on all lowdeposit home loans (less than 20 per cent deposit).

CMHC provides that insurance, along with two private competitors.

"At the end of the day, when it comes to home owners in a house price crash the government is going to end up paying for that, because home owners are taxpayers, as opposed to banks which we should let fail," Mr Siddall argued.

"It will be unbelie vably tempting for politicians, and I think probably responsible for politicians, to help support home owners in the event of a generalised housing crash.

"We collect premia for that at CMHC and we contribute about $2 billion a year to reducing the Federal Government's deficit."

In Australia, both lenders' mortgage insurers are privately owned — the

Government gets no premiums, but would probably still be on the hook to bail out the big banks if the housing

market crashed and one or both of those insurers collapsed.

CMHC also has monopoly control over selling Canadian residential mortgage

backed securities, which are a key source of funding for home loans.

In Australia these securities are sold

by banks and non-bank mortgage lenders, which limits regulatory control

of the amount of mortgage funding available.

Canada has a national housing agency, Australia doesn't

Another potential advantage Canada has over Australia is the CMHC itself.

Not only does it do mortgage insurance, but also runs Canada's national housing affordability programs and provides policy advice.

"Being able to look at the whole

spectrum, from homelessness to home ownership, means that we can have a

comprehensive, integrated strategy," Mr Siddall ventured.

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