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Blog by Irene Wong & Mike Mulligan

Canadian mortgage market considerably different from USA

October 15th, 2008

Recent media reports have expressed some concerns about potential risks for the Canadian housing and mortgage markets. One of the concerns being expressed is that Canadian consumers have been “over-extending” themselves through mortgage borrowing. And, it has recently been suggested that the Canadian housing and mortgage markets might fall into a downward spiral like the one currently underwa ...