(Bloomberg) — The head of Canada’s housing agency said banks are getting a free ride in the country’s real estate market, leaving insurers and taxpayers to shoulder all of the risk of a downturn.Evan Siddall, chief executive officer at the government-backed Canada Mortgage and Housing Corp., made the comments at the agency’s conference in Ottawa Tuesday, a day after the federal finance department announced broad new measures to curtail risk.“Mortgage loan insurance is on 100 percent of the loss, so we — us, Genworth and Canada Guaranty — insure all of that loss,” Siddall said, referring …
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