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Canada's impending housing collapse not in sight | Mortgages …

Canada's impending housing collapse not in sight | Mortgages …

Not so fast. The purported collapse of Canada's housing market does not appear to be in sight, and any correction down the road could likely be a mild one.Financial Post – Top Stories
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Canada Housing Starts Rise

TORONTO–Canadian housing starts jumped 13.8% in May to an annual rate of 200,178 units, Canada Mortgage and Housing Corp. said Monday. The May rate was up from a revised 175,922 units in April. Analysts polled by Dow Jones were expecting only …
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CMHC Pares Capital-Enhancing Mortgage Insurance for Lenders (1)

The amount of portfolio insurance, which covers mortgages that had a downpayment greater than 20 percent, fell 8 percent to C$227.9 billion ($221 billion) at the end of March compared with the same period last year, Canada Mortgage & Housing Corp. said …
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