Banking Regulator Opens Door to Easing Canadian Mortgage Rules.

General Simon Wong 5 Feb

Banking Regulator Opens Door to Easing Canadian Mortgage Rules Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change. Carolyn Rogers, the No. 2 at the Office of the Superintendent of Financial Institutions, said tougher […]

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Morneau not considering new rules for Canadian private lenders

General Simon Wong 30 Jan

Morneau not considering new rules for Canadian private lenders Canada’s Finance Minister Bill Morneau gives a press conference at a media lock-up in the Wellington Building before tabling this year’s Fall Economic Statement in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada on Nov. 21, 2018. (David Kawai for Bloomberg) Photographer: David […]

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Canada’s Mortgage ‘Stress Test’ May Be Expanded To Private Lenders.

General Simon Wong 28 Jan

Canada’s Mortgage ‘Stress Test’ May Be Expanded To Private Lenders There’s been an explosion of private lending since the mortgage stress test went into effect at the banks. TORONTO (Reuters) — Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by […]

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Big banks poised to follow suit as RBC trims 5-year fixed mortgage rate.

General Simon Wong 17 Jan

Big banks poised to follow suit as RBC trims 5-year fixed mortgage rate Canada’s biggest bank has dropped one of its key mortgage rates, a signal that lower rates may become more widespread. RBC‘s advertised rate for a five-year fixed mortgage dropped from 3.89 per cent to 3.74 per cent on Wednesday. James Laird, co-founder of comparison […]

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Can Metro Vancouver accommodate another one million people by 2050? Immigration key factor in population growth, 30,000 to 40,000 people expected each year.

General Simon Wong 15 Jan

Can Metro Vancouver accommodate another one million people by 2050? Immigration key factor in population growth, 30,000 to 40,000 people expected each year. Here’s a sentence you probably didn’t think you’d read in this space: Fertility rates in Metro Vancouver have shifted by large margins over the past 20 years. Here’s another one: Overall, fertility […]

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Bank of Canada holds steady as oil slump kills urgency for hike path.

General Simon Wong 9 Jan

Bank of Canada holds steady as oil slump kills urgency for hike path The Bank of Canada indicated less urgency in its push toward higher interest rates as the economy grapples with slumping oil prices. The Ottawa-based central bank left its overnight benchmark rate unchanged at 1.75 per cent for a second straight decision Wednesday, […]

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