Feb 10, 2010, Ottawa advised to tighten mortgage rules By Julian Beltrame OTTAWA — The federal government should avoid major surgery and make only minor adjustments to deal with fears of overheating in Canada’s housing market, a number of leading economists said Wednesday. Federal Finance Minister Jim Flaherty and the Bank of Canada have expressed concern that Canadians may be … Read More
Feb 9, 2010, CREA forecasts record home market this year Garry Marr, Financial Post Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules. The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it … Read More
Feb 4, 2010, No need for mortgage market structural shift: BoC WINNIPEG, Manitoba (Reuters) – The head of the Bank of Canada said on Thursday he does not see a housing bubble currently, nor does it see the need for structural change in the country’s mortgage market. “The Canadian mortgage market has functioned I think exceptionally well during the course … Read More
Jan 19, 2010 Bank of Canada maintains overnight rate target Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per … Read More
January 14, 2010 Mortgage shoppers opt for caution Garry Marr and Paul Vieira, Financial Post Published: Thursday, January 14, 2010 The housing industry fired back yesterday at comments from Ottawa that the sector might be overheated with a new report that shows Canadians have become conservative in their mortgage choices, leaving little chance for delinquencies. The Canadian Association of Accredited … Read More
Jan 14, 2010 Research shows Canadian mortgage market can manage risks New data collected by CAAMP indicates homeowners are borrowing less, not more, than they can afford to borrow Toronto, Ont. (January 14, 2010) – New research using data collected by the Canadian Association of Accredited Mortgage Professionals (CAAMP) from its corporate members strongly suggests that Canadian mortgage lenders and … Read More
Jan 12, 2010 BELMOR Mortgage Corp. tabs industry veteran for new company launch. Belmor Mortgage Corp. signaled to the rest of the industry how serious they were with the appointment of industry veteran, Heather Lakatos, to the position of Director, Sales and Operations. Lakatos brings over 30 years of industry experience, having held senior management positions with both Scotiabank and … Read More
Forecast predicts slow, steady gains Calgary market BY DAN HEALING, CALGARY HERALD – JANUARY 8, 2010 CALGARY – The slow and steady recovery seen in 2009 numbers released by the Calgary Real Estate earlier this will through 2010, with modest gains of about three per cent in average resale homes, says Royal LePage. In its monthly market forecast, the real estate … Read More