Canadian governor calls for innovation in mortgage market

Stephen Poloz
Bank of Canada

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.


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