In the US the banks write the loans and then offload them to Freddie and Fannie. So the gov is backstopping these loans and taking all the risks. There is no su

In the US the banks write the loans and then offload them to Freddie and Fannie. So the gov is backstopping these loans and taking all the risks. There is no such thing in Canada and banks don’t want to take the risk (technically there are fixed loans but the interest rate is much much higher).