I don't live in Canada anymore, but I'd suspect your second point is somewhat negated by the articles reference to private lenders supplying sub-prime loans. I

I don't live in Canada anymore, but I'd suspect your second point is somewhat negated by the articles reference to private lenders supplying sub-prime loans. I have no idea what types of systems are in place in Canada to manage this, and I thought the banking system would not allow private lending on that sort of scale, but I'm really not knowledgeable in this area.