Among the highlights in the 2012 Observer:

  • The recently introduced Canadian Covered Bond Legal Framework, which will support financial stability by facilitating diversified funding for lenders and strengthening the robustness of the Canadian covered bonds market;
  • Annual housing starts and the average mortgage payment as a percentage of personal disposable income per worker are both close to their long-term averages, while debt-service ratios are below or near their long-term averages;
  • Most mortgage holders have substantial equity in their homes, while the percentage of residential mortgages three months or more in arrears has been declining;
  • Housing designed with flexibility in mind is better able to adapt to meet the needs of an aging population and accommodate the accessibility and other needs...
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