Conservative lending practices served Canadian housing market well

07/1/2010 | CNBC

Canadians have traditionally taken a more conservative approach to banking, borrowing and home buying than Americans, and the country's housing market has emerged relatively unscathed from the global recession as a result. Only 5% of Canadian mortgages at the peak of the housing boom were considered subprime, compared with more than 30% in the U.S.

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