 The picture in the Canadian housing market continues to deteriorate.Even with the BOC starting to pivot, the hawkish tone at the Fed and other global central banks is going to keep the pressure on global rates. Variable rate mortgages that reset monthly are popular in Canada and even fixed resets are on 5-year terms, so the pain continues to mount in one of the most-overpriced markets in the world.Today, Teranet and National Bank 