More importantly, they're backed by the CMHC so they don't have to concern themselves with risk.

https://www.cmhc-schl.gc.ca

And if there's a crisis large enough that solvency of CMHC might be questionable, they don't have to worry either because the bank of Canada will gladly buy their mortgages, passing the risk onto taxpayers.

https://www.macleans.ca/economy/business/the-real-canadian-b...