Relevant:
- Canadian Borrowing Gone Mad: A Look at BMO's Misguided Balance Sheet Theory and the Keep on Dancin' Market Share Theory of Toronto-Dominion
- Wells' dubious off-balance sheet treatment of conforming loans avoids capital raises
- Ghost of Fannie Mae Haunts Canadian Housing as Exposure Worsens: Mortgages
- Is the Canadian housing market a bubble?
- Ending the off-balance sheet charade
Why Was There No Canadian Housing Bust? The US Fed Says That They Were Probably Just Lucky Except...
2010-01-04 — blogspot.com
The Canadian market lacks a counterpart to Freddie Mac and Fannie Mae, both of which played a significant role in the growth of securitization in the U.S. In addition, bank capital regulation in Canada treats off-balance sheet vehicles more strictly than the U.S., and the stricter treatment reduces the incentive for Canadian banks to move mortgage loans to off-balance sheet vehicles. (Another significant oh-by-the-way - Jesse)
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