Canadian banks not immune to housing bubble: OSFI official | Mortgages | Personal Finan... - 0 views
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Canada’s banks, ranked the soundest on the planet by the World Economic Forum, aren’t immune to collapses triggered by falling housing prices
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Previous failures of Canadian financial institutions were due to bad real estate lending and sharp falls in housing prices, and these can happen again
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“Just because nothing happened in Canada in 2008 (a U.S.-centered crisis), does not mean that Canada is not vulnerable to a housing correction now.”
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