Canadian mortgage insurers need more capital to survive downturn, IMF warns

Canadian flag

Canadian mortgage insurers would need more capital to withstand a severe downturn in the economy, the International Monetary Fund warns.

Vulnerabilities including elevated household indebtedness and housing market imbalances are “substantial” and pose financial stability concerns, fund staff say.

“The financial system would be able to manage severe macro-financial shocks, but mortgage insurers would probably need additional capital,” the IMF says in its latest assessment of the Canadian

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: