Dealing with Mortgage Lending Problems in a Low Interest Climate
The risks of over extending credit and over valued assets can be tackled smartly and in a less draconian way.
Read moreTightening Mortgage Lending Will Slow Down Economy: Credit Union Chief
In a view contrary to that of economists and major Canadian banks, Central 1 Credit Union’s chief economist Helmut Pastrick says that he does not anticipate a housing price bubble and believes that tightening mortgage lending criteria will slow down the housing market and in turn, the economy.
Read moreFinance Minister Concerned About Mortgage Debt
Finance Minister Jim Flaherty expressed his concerns about the impact of a future rise in rates on home buyers’ ability to repay debt.
Read moreMixed Reactions to the Announcement of Revised Mortgage Rules
Reaction has been mixed to the announcement of new mortgage rules which will come into effect March 18.
Read moreFinancial Watchdog Wants Banks to Conduct Stricter Risk Assessment
Canadian financial watchdog OSFI is keeping a keen watch over banks as consumer debt has reached record levels and is asking them to conduct a more stringent assessment of the risks that the debt could have on their balance sheets.
Read moreFinance Minister Announces Changes to Canadian Mortgage Rules
Federal finance minister, Jim Flaherty, announces upcoming changes to Canadian mortgage rules.
Read moreCanadian Housing Markets Poised for Steady, Moderate Growth in 2011
Home prices are poised for steady yet moderate growth in the first half of 2011, as Canadian mortgage and housing markets absorb the slack in demand caused by decade-long, double-digit pricing increases.
Read moreContact Us
Contact us today to set up an appointment.