8  The value of securitized mortgages grew from $ billion in 2007 to $ billion at end-2012. 9  The Bank of Canada’s June 2013 Financial System Review provides an updated assessment of the systemwide risks associated with household sector imbalances.
The availability of this back-stop funding should make depository institutions more willing to provide loans and lines of credit to other financial institutions and businesses and to meet any deposit withdrawals as this century closes. The banking industry is also working hard, and with evident success, to prepare for the event.