Robert McLister·General·March 18, 2007Subprime Mortgages Surge in Canada Canadians seem to need more exotic mortgages these days to afford a roof over their head. Higher risk (subprime) mortgages have been growing 50% a year in Canada. Of no coincidence, the Canadian Real Estate Association says the average Canadian home price jumped to a record $311,101 in February 2007, up 10% from 2006. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.