Download This PaperMortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada
32 Pages Posted: 14 Jul 2015
Date Written: July 8, 2015
Abstract
Canada’s mortgage insurance risk needs a better backstop fund, according to a new report released today by the C.D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada,” authors Thorsten V. Koeppl and James MacGee suggest an era of steadily rising house prices and high mortgage debt warrants concern over the potential exposure of Canada’s mortgage insurance system – and taxpayers.
Keywords: Financial Services
JEL Classification: G20, G28, E32, E60, E61
Suggested Citation: Suggested Citation
Koeppl, Thorsten V. and MacGee, James, Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada (July 8, 2015). C.D. Howe Institute Commentary 430, Available at SSRN: https://ssrn.com/abstract=2628363 or http://dx.doi.org/10.2139/ssrn.2628363
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