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010   $a1-282-84344-3
010   $a9786612843440
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100   $a20090906d2009      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aCanadian residential mortgage markets$b[electronic resource] $eboring but effective? /$fprepared by John Kiff
210   $a[Washington, D.C.] $cInternational Monetary Fund$dc2009
215   $a1 online resource (19 p.)
225 1 $aIMF working paper ;$vWP/09/130
300   $aDescription based upon print version of record.
311   $a1-4519-1706-6 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Key Features of the Canadian Housing Finance System; III. Typical Features of Canadian Residential Mortgages; A. Canadian Mortgage Interest Rates; B. Origination and Prepayment Costs; Tables; 1. Non-Interest Rate Mortgage Cost Comparisona; C. Mortgage Insurance; IV. Prime Borrower Mortgage Funding Access; 2. Comparison of Canadian and U.S. Mortgage Insurance Premia on Prime; V. Summary and Policy Suggestions; Boxes; 1. Canadian Covered Bond Issuance; 2. CMHC Mortgage Rate Protection Program; Figures; 1. Canadian Residential Mortgages Outstanding
327   $a2. Outstanding NHS MBS and CMBs3. Canadian Bank Fixed-Term Mortgage Rates; 4. Residential Mortgage Versus Interest Rate Swap Rates; 5. 90-Day+ Delinquency Rate; References
330   $aKlyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on government-guaranteed deposit insurance, and a prepayment penalty limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime borrowers are comparable to those in the United States.
410  0$aIMF working paper ;$vWP/09/130.
606   $aMortgage loans$zCanada
606   $aHousing$zCanada$xFinance
606   $aMortgage guarantee insurance$zCanada
608   $aElectronic books.
615  0$aMortgage loans
615  0$aHousing$xFinance.
615  0$aMortgage guarantee insurance
700   $aKiff$b John$0905670
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464004603321
996   $aCanadian residential mortgage markets$92025805
997   $aUNINA