Banks and insurers can still withstand nationwide uninsured home losses even if they reach the projected 12 basis point mark that last occurred during the 1980s.  Rob McLister of the Canadian Mortgage Trends makes this assessment.
In recent years, the basis point marks of loan losses on uninsured mortgages have only reached up to the 9th level, as in the 1990s or a mere 2-3 during the late 1970s.  This was pointed out by the BMO Capital Markets, signifying that Canadian property assets have always carried low risks.
The BMO report also said that any credit risks that happen will be triggered by industry-external factors such as unemployment  and a fast increase of interest rates, rather than any factor directly related to the housing industry.

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