From the Financial Times – Lessons for the American housing market

Written by a senior lecturer at Harvard Business School and author of Too Big to Save? How to Fix the US Financial System, this article is interesting in the way that it lays out a series of lessons to the American public, while at the same time making a reasonable argument as to why our Canadian housing market has survived. (more…)

Popularity: 6% [?]

Tweet This Post

From Bloomberg.com – Canada May Keep Lending Rate at 0.25%, Repeat June Commitment

The good news.

The Bank of Canada will probably keep its benchmark interest rate at a record low tomorrow and repeat a pledge to leave it unchanged through June.

The target rate for overnight loans between commercial banks will remain at 0.25 percent, where it’s been since April, according to (more…)

Popularity: 4% [?]

Tweet This Post

The Canadian Association of Accredited Mortgage Professionals released Revisiting the Canadian Mortgage Market – Risk is Small and Contained today.

While the report is a little bit more logical than the “rates are going up, everyone is F**KED” mentality of the media right now, I’m not to sure how it will be received. I think there will be a large majority pointing to the economist who wrote the report as having a vested interest in taking an everything is okay stance. On the other hand, a logical well thought out analysis like this is needed to calm the mortgage holding community. If he is right, and employment rises higher, we probably have little to worry about even if rates do rise. On the other hand, if we have a double dip recession, we could be in for a lot of trouble.

What do you think, is this report a little bit to conservative?

Popularity: 3% [?]

Tweet This Post

It was a little over two years ago that I was asked by a real estate investment company to help them secure mortgages for their clients. It was also a little over two years ago that I told them under no uncertain circumstances would I help their clients secure mortgages.

The company’s offering was very impressive, at first. I literally watched one Monday evening as more than 20 people handed over in excess of $3,900 each (more…)

Popularity: 6% [?]

Tweet This Post

From the Montreal Gazette – Can’t say that I don’t completely agree with the analysis.

While the Bank of Canada made it clear yesterday that it doesn’t see a housing bubble in this country yet, it also kept the spotlight on Finance Minister Jim Flaherty as the official who ought to be held responsible (more…)

Popularity: 2% [?]

Tweet This Post