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Housing market bubble denied by BMO

CBC.ca – Jan 30, 2012

The Canadian housing market is more likely to deflate slowly than crash, BMO says.The Canadian housing market is more likely to deflate slowly than crash, BMO says.

Canada’s Subprime Crisis Seen With U.S.-Styled Loans: Mortgages

‎San Francisco Chronicle – Jan 30, 2012

Canadian lenders are loosening standards on mortgages that are similar to U.S. subprime loans, posing an “emerging risk” to financial institutions, according to the country’s banking regulator.

Banks and other lenders are becoming “increasingly liberal” with mortgages and home-equity credit lines that don’t require individuals to prove their income, according to documents obtained by Bloomberg News under freedom of information law from the Office of the Superintendent of Financial Institutions.


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