Is Canada at Risk for a Housing Crisis?

From Bloomberg, MHProNews.com finds that mortgage defaults are on the rise in Canada. Canada Mortgage & Housing Corp. (CMHC) defaults have soared nine-fold in 20 years, the business paper says, approaching levels reached by Fannie Mae and Freddie Mac in the U.S. at the height of the housing boom. Bloomberg estimates that in 2006 at [...]