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Mortgage lender woes may cool Canada housing market

Home Capital's liquidity crisis finally puts investors in mood to sell

Home Capital, Canada's biggest alternative mortgage lender, has seen nearly three-fourths of its high interest savings deposits being pulled out.


THE funding crisis at mortgage lender Home Capital may spark a welcome cooling in Canada's housing market and take pressure off policymakers confounded by the hot market - as long as the crisis does not turn into contagion, analysts said on Tuesday.

The troubles at Home...

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