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BOC's Lane: Mortgage Securitization Can Add to Household Imbalances

BOC's Lane: Mortgage Securitization Can Add to Household Imbalances

OTTAWA–Policymakers are concerned that securitization of government-guaranteed mortgages in Canada, which makes up a major part of the so-called “shadow banking” sector in the country, may add to the buildup of household sector imbalances, …
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UPDATE 1-Bank of Canada says housing market cooler, still a risk

BoC watching housing, debt situation -Lane. * Rapid growth of mortgage securitization a key concern. * Canada's shadow banking sector small but needs monitoring. * No guidance on future path of interest rates in Canada in speech. By Peter N Henderson.
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Photo: Castanet Staff

Housing starts are expected to pick up slightly in 2014. Kelowna housing starts and home sales are forecasted to move higher in 2014, according to the Canada Mortgage and Housing Corporation (CMHC). Their 2013 spring outlook forecasts 1,000 homes in …
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