30% of single, never-married women own their own home. (Source: Business Edge)
The Russian mortgage market has doubled in size every year since 2002 according to this Globe & Mail story. However, in absolute terms their mortgage market is tiny. Mortgage debt represents only 1.9% of Russia’s gross domestic product. In Canada it’s about 43%.
DBRS has given PMI Canada, a new Canadian mortgage insurer, an “AA” debt rating. According to PMI: “We expect our flexible mortgage insurance products…to enable lenders to grow their business by giving them the confidence to offer low downpayment mortgage products to consumers.”
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