• 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.”

Last modified: May 12, 2007