Capital Economics Canada Housing Forecast – Business Insider

Canada’s sub-prime mortgage industry is said to be growing and there are supposed to be $500 billion in high-risk mortgages in the Canadian housing market.

But some like Robert Shiller have argued that if Canada’s bubble were to burst, Canada’s experience would be very different from the U.S. because banks aren’t as burdened by sub-prime loans and because the mortgages are insured by the Canadian Mortgage Housing Corp. (CMHC).

A new report by Capital Economics however says Canada is “not immune to potential sub-prime problems”.

via Capital Economics Canada Housing Forecast – Business Insider.

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