Journal Article

Why didn’t Canada’s housing market go bust?

Abstract: Housing markets in the United States and Canada are similar in many respects, but each has fared quite differently since the onset of the financial crisis. A comparison of the two markets suggests that relaxed lending standards likely played a critical role in the U.S. housing bust.

Keywords: Housing - Canada; Mortgage loans;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2009

Issue: Sep

Order Number: 1