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Sunday, January 24, 2010

Revisiting Canadian Mortgage Market



CAAMP RELEASES MORTGAGE RISK ASSESSMENT REPORT

Today, CAAMP released a report entitled Revisiting the Mortgage Market – Risk is Small and Contained based on new research using data collected from its corporate members. The findings strongly suggest that Canadian mortgage lenders and borrowers are extremely prudent with their borrowing and lending.

The report, compiled by Will Dunning, CAAMP's chief economist addresses the impact of potential increases in mortgage rates to mortgage borrowers and effects on mortgage debt levels. The report was compiled in response to suggestions by federal government officials that there could be changes to insured mortgage products. The report has been forwarded to the federal government.

Download the Report

Download the Press Release