Canadian Residential Mortgage Markets : Boring But Effective? /

Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on gover...

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書目詳細資料
主要作者: Kiff, John
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2009.
叢編:IMF Working Papers; Working Paper ; No. 2009/130
在線閱讀:Full text available on IMF
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245 1 0 |a Canadian Residential Mortgage Markets :   |b Boring But Effective? /  |c John Kiff. 
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300 |a 1 online resource (17 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on government-guaranteed deposit insurance, and a prepayment penalty limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime borrowers are comparable to those in the United States. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/130 
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