The level of debt Canadians carry is the main worry for the head of the Canada Mortgage and Housing Corporation. Siddall said CMHC has been keeping an eye on Home Capital for a while. Asked about calls for federal intervention in Home Capital, Siddall said he thinks the first move is for the market. The figures cover the first full quarter since Ottawa changed the mortgage rules last October. He said the housing agency is currently involved in discussions with the provinces, municipalities and other stakeholders about plans for the federal government's $5-billion national housing fund.

Source: CBC News June 01, 2017 21:33 UTC