Jun
08
Better Economy Easing Canadian Housing Worries, Poloz Says
By-
Central bank flags worries about uninsured mortgages
-
Governor downplays financial stability, inflation conflict
The Bank of Canada said vulnerabilities associated with household debt have increased amid surging prices for homes in Toronto and Vancouver, though not enough to threaten a financial system that is being aided by a recovering economy.
In its semi-annual report on the financial system, Canada’s central bank painted a picture of a housing market in which recent government mortgage tightening measuresare working, although they’re being offset by the escalating costs of homes in the country’s two biggest markets. In particular, policy makers cited risks around growth of uninsured mortgages…
Better Economy Easing Canadian Housing Worries, Poloz Says
