Canadian governor calls for innovation in mortgage market
Poloz says Canada should consider a private market for mortgage-backed securities
Bank of Canada governor Stephen Poloz said the country needs to take a fresh approach to its mortgage market.
“We could look at ways to develop a more flexible mortgage market that gives more choice to customers, lenders and investors, while making the market safer and more efficient,” Poloz said in a speech on May 6.
Financial flexibility and the appropriate sharing of risk are important because they help people adapt to changing circumstances and the economy adjust to shocks, he said.
The
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