Thursday, July 13, 2006

Bank of Canada Wants to Review Mortgages

The BoC said it wants to review the influence that new mortgage products could be having on the Canadian housing market.

Bank of Canada Governor David Dodge said he would like to see what effect longer-term mortgages have had in housing markets in other parts of the world.

They would want to sit down with Canada Mortgage Housing Corporation (CMHC) to look at their analysis of the influence they expect it to have here.


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