Tag Archives: mortgage

Bank of Canada holds the line; Royal LePage releases ‘research report’; “Canadian 30 year olds are screwed!”

Bank of Canada holds the line Those with variable rate mortgages can breathe a sigh of relief as the Bank of Canada held the line on interest rates today, as expected, keeping the overnight rate at a paltry 1%. Despite … Continue reading

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Report highlights from ‘The Current State of Canadian Family Finances’

The Vanier Institute of the Family released their annual Current State of Canadian Family Finances report earlier this week.  It is well worth highlighting their important findings: Unemployment rate misleading:  Considering the ‘hidden unemployed’ The report does an excellent job … Continue reading

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Is homeowner equity a predictor of future price movements?

There’s been quite a buzz about Vancouver detached homes hitting a new all-time high.  I will address that data in my monthly tour of board stats just as soon as the data packages are released at the other big boards, … Continue reading

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Household credit analysis: What the boom looks like before the bust

CIBC released their latest household credit analysiss report yesterday.  It is full of interesting data points.  Though nothing in the report is particularly shocking for anyone who has been reading this blog and is aware of the ongoing credit bubble … Continue reading

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CAAMP puts the cart before the horse

New CAAMP report The Canadian Association of Accredited Mortgage Professionals was already in damage control mode prior to Flaherty’s mortgage rule change announcement.  Earlier in the week, CAAMP chief economist Will Dunning released a report titled, ‘Good Lord please don’t … Continue reading

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CREA stats and condo rule changes

CREA releases December sales data I’m just on my way out of town for the weekend, so this post will be missing much of my usual commentary. I will draw your attention to CREA’s final December sales numbers which were … Continue reading

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Canada’s Mortgage Hazard

The ‘must-read article of the day’ award goes to this gem in the Financial Post: Canada’s Mortgage Hazard by Neil Mohindra, director of the Centre for Financial Policy Studies at the Fraser Institute. Key quotes: “If the Canadian government sees … Continue reading

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The Great Mortgage Amortization Debate

The Amortization Debate You’ll recall that bank CEOs of all people are now putting pressure on Flaherty and Harper to curb debt levels by, among other things, raising down payment requirements and/or shortening maximum mortgage amortization lengths. With mortgages representing … Continue reading

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Banks pressure Ottawa to rein in consumer debt; Peter Mansbridge interviews Ed Clark

Banks calling for prudence Last week BMO and TD bosses vocalized support for tougher mortgage rules in the form of lower amortization and/or higher down payment requirements.  Now it appears that the Conservative government is in some pre-budget consultation meetings … Continue reading

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Public sector pension bubble; Is your retirement chained to your home?

Pension tension The CD Howe institute released an interesting report today in which they suggested that there is a bubble in federal public sector pensions.  The report calculated that the government’s federal pension unfunded liabilities are some $208 billion, which … Continue reading

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