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100   $a20020129d2009      uf         0
101 0 $aeng
135   $aurcnu||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aCanadian Residential Mortgage Markets : $eBoring But Effective? /$fJohn Kiff
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a1 online resource (19 p.)
225 1 $aIMF Working Papers
300   $aDescription based upon print version of record.
311 08$a9781451917062 
311 08$a1451917066 
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 3 $aKlyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on government-guaranteed deposit insurance, and a prepayment penalty limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime borrowers are comparable to those in the United States.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/130
606   $aMortgage loans$zCanada
606   $aHousing$xFinance$zCanada
606   $aMortgage guarantee insurance$zCanada
606   $aAdjustable-rate mortgage$2Iptcnc
606   $aBank$2Iptcnc
606   $aBanking$2Iptcnc
606   $aBond (finance)$2Iptcnc
606   $aBusiness$2Iptcnc
606   $aCanada mortgage and housing corporation$2Iptcnc
606   $aCommercial mortgage-backed security$2Iptcnc
606   $aCovered bond$2Iptcnc
606   $aCredit$2Iptcnc
606   $aDebt$2Iptcnc
615  0$aMortgage loans
615  0$aHousing$xFinance.
615  0$aMortgage guarantee insurance
615  7$aAdjustable-rate mortgage
615  7$aBank
615  7$aBanking
615  7$aBond (finance)
615  7$aBusiness
615  7$aCanada mortgage and housing corporation
615  7$aCommercial mortgage-backed security
615  7$aCovered bond
615  7$aCredit
615  7$aDebt
676   $a338.29134
700   $aKiff$b John$01815661
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910969848303321
996   $aCanadian Residential Mortgage Markets$94371566
997   $aUNINA