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Bank of Canada Review - Winter 2010-2011

Bank of Canada Review - Winter 2010-2011
Available as: PDF

This issue features a summary of the Bank’s annual conference, which this year dealt with financial globalization, and three articles that present research by Bank staff on Canada’s mortgage market, the role of adverse selection in financial crises, and payment networks.

February 17, 2011

Competition in the Canadian Mortgage Market

This article begins with a brief examination of the Canadian mortgage market, focusing on the market’s evolution following changes to the Bank Act in 1992, which allowed chartered banks to enter the trust business, and the subsequent entrance of virtual banks and mortgage brokers.