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Last week I posted an article from the National Post Flaherty Watching for Signs of a Bubble. At the end I predicted that this was just a ploy to try and cool the market via good old fashioned scare tactics.
After several discussion this last week however, the banking industry seems to be at a consensus that the next six months are going to be extremely busy as Flaherty’s threat may do the opposite of what was intended, it may push the market to new highs. Unfortunately, Flaherty thinks he can bully the market in whatever direction he desires. No one man however, can make a market, and when one trys – situations like what happened in the US economy occur.
My questions to you are as follows. Do you think Flaherty is right to even talk about this issue publicly? What do you think would happen to the housing market if he did change the down payment and amortization requirements? Post your comments on Twitter, Facebook, or the comments section below. The winner will be entered to win an Ipod Touch.
Popularity: 21% [?]
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Fresh Faces – Next generation of mortgage professionals reinvents the industry
From The Mortgage Journal – January/February 2010
By Gina Monaco
Nolan Mathias, 26, from Calgary Alberta, who works with Mortgage Architects, is a very busy man. He is in his seventh years as a mortgage agent having started his business while still at the University of Calgary. When he asked his economics professor what business he should get into, his prof pointed at the window and told him to look. Matthias made the decision to get into the financial business.“I took a three-week mortgage course and spent my last two years of school as an agent,” he says. “I actually re-wrote a chapter for the course I took.”
He never thought about mortgages — he saw himself as an investment banker or a wealth manager – but after working for Filogix (more…)
Popularity: 24% [?]
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From the National Post -Federal government ready to deflate any housing bubble
Finance Minister Jim Flaherty speaks out on low interest rates and the hot real estate market.
“The reality is we have low mortgage rates . . . so we can expect some upward pressure on housing,” he said. “That’s OK, as long as it doesn’t become a bubble. We’re watching that.”
If necessary, the government is prepared to further tighten the conditions under which the Canada Mortgage Housing Corporation insures mortgages, the finance minister said.
Popularity: 10% [?]
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It’s the holiday season, and the stores are packed with shoppers – frantically looking for just the right gifts for everyone on their list. Wouldn’t it be great to have one of those personal shoppers? You just give them a list of everything you want, and poof! … they show up with a carload of perfect presents.
That’s just holiday shopping. What about the really serious purchases – like (more…)
Popularity: 10% [?]
