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Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada

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July 8, 2015
Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada

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. 

Author(s):

James MacGee, Associate Professor of Economics, Western Ontario
James MacGee
Thorsten Koeppl, Professor and RBC Fellow, Queen's University
Thorsten Koeppl

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