Rates: What Goes Up Must Come Down

Rates: What Goes Up Must Come Down

Rates: What goes up must come down. Or “how I learned to stopped worrying and love the uncertainty” In the past, the simplest way to predict what the Bank of Canada (BoC) would do with it’s key lending rate – y’know, the one that effects the cost of our credit cards, lines of credit and variable rate mortgages – was to check in with the overall strength of the Canadian economy. When things were good; high employment, strong exports, etc., the BoC would feel comfortable making money more expensive.  Rate hikes are an effective means of controlling our economy’s rate of inflation. Being that our economy is so heavily dependent on the strength of the U.S.  the BoC has typically followed moves...

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Housing Market Update.  Are the Prices (sky) Falling?

Housing Market Update. Are the Prices (sky) Falling?

Is the sky falling on home prices in the first quarter of 2018?  Can pigs actually fly?  Well, we do know one thing – we have the data to help us understand the housing market. We should point out that the first quarter of 2017 (January, February and March 2017)...
CMHC Fall Market Update

CMHC Fall Market Update

Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in...
What’s the deal with home capital group?

What’s the deal with home capital group?

You may have noticed some alarming headlines in the news recently surrounding HCG and the effect that their troubles may have on the Canadian banking system at large. But what is HCG? HCG is among Canada’s largest ‘alternative mortgage lenders’. They do other things...
Aggressive sales at the bank

Aggressive sales at the bank

For starters – check out what Rob Carrick has to say from the Globe & Mail about this.   Just because the banks are extending you credit it does not mean you qualify for it. It would be hard to miss the CBC exposure of the Bank employees complaints of...
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