Benjamin Tal, deputy chief economist of CIBC, speaks with the Financial Post’s Larysa Harapyn about interest rates, Canadians’ insolvency rates and the B-20 mortgage stress test, introduced in January 2018 to cool the housing market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortgage stress tests haven’t significantly hurt home sales, Bank of Canada research suggestsBoC research says home sales drop was mostly a result of ‘deteriorating affordability’ and a ‘dissipation of the froth,' despite real estate groups blaming the government’s tougher mortgage qualification criteria GUESS NOT HURTING 'CHINESE LAUNDERED MONEY IN CANADA HOUSING CASINOS ETC ETC!!'' BUT DEFINITELY HURTING CANADIANS!!!
Source: globeandmail - 🏆 5. / 92 Read more »
Ottawa’s stress test is demolishing Canadians’ housing dreams. Which party will rebuild them?Ottawa's stress test is demolishing Canadians' housing dreams. Which party will rebuild them? fpcomment fpcomment Canadian housing dreams were already demolished with crazy prices. Now people have to wait for prices to come down. The Canadian government should permanently ban all foreign real estate investment, and add speculation tax if you sell a second property in less than a year. fpcomment So, it's working? fpcomment No, only greedy speculators that drive up housing cost based on speculation
Source: nationalpost - 🏆 10. / 80 Read more »
Self-employed increasingly turning to private lenders for mortgagesThe self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.
Source: CTVNews - 🏆 1. / 99 Read more »
Pay off your mortgage faster or invest?Pay off your mortgage faster or invest? GlobeInvestor globeinvestor Who has money left over after bills in a Trudeau carbon tax utopia globeinvestor 2% mortgage or 8% investment. The former is a safer bet to save money, the latter riskier and might not pan out. globeinvestor Stealing images lol
Source: globeandmail - 🏆 5. / 92 Read more »
Scrapping mortgage rules would boost Canadian home prices by about $32,000, TD saysTD says impact of rules have been longer-lasting and more significant than originally intended and government should consider flexibility I am excited to see how the millennial generation responds to this endless rise in housing costs. I wonder if this pressure on the working class has anything to do with our leaders importing 340,000 new people to the country every year. Ok so let’s not do that are we forgetting about the 2008 housing crisis again?😂😂
Source: nationalpost - 🏆 10. / 80 Read more »
As mortgage qualification gets tougher, self-employed buyers turn to private lendersAccording to the Bank of Canada, private lenders have doubled their share of the mortgage market since 2015 globeinvestor Why are lenders giving 25yr mortgages? We're all dead in 12yrs...that is not a smart investment ...smh
Source: globeandmail - 🏆 5. / 92 Read more »