Poloz talks mortgages: Innovation could improve flexibility

Poloz talks mortgages: Innovation could improve flexibility

Mortgage market flexibility could improve choices

While financial institutions have added new ways to sell home loans and give Canadians access to home equity, the actual mortgage product itself hasn’t changed much over time.

Given how different regional housing markets are, it is worth looking to see if our mortgage market could increase the ability of consumers, lenders and the economy to adjust to shocks.

News – Bank of Canada

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