Two of Canada’s largest private mortgage insurance firms are sounding positive notes about the state of the market.

Genworth and Home Capital Group have both seen stability in the market; Genworth has reported the lowest level of loan losses since 2009 at 12 per cent, although they predict a final figure for the year to be in the region of 15-25 per cent.

The general picture from the insurers is that while household debt has increased, it is generally affordable currently, with defaults less common.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: