Mark Carney’s gift to UK – “$trillion mortgage insurance borne by taxpayers” ? U.K. interest policy very Canadian Carney brings Bank of Canada style to statement on long-term key rate of 0.5% Mark Carney, the new governor of the Bank of England, is taking a Canadian approach in his first act as governor. OTTAWA — Mark […]
Is this a trick to get people to rush in to buy a home ?
Banks threatens mortgage rate will go up (so that people will buy a home quickly) as a trick to fulfill their mortgage quota (shortfall) ? I won’t be surprised. Banks did just that a few years ago … Probably more than once and the interest never ever go up, only down (until today). First-time home […]
Why the Rising Mortgage Rates don’t Spell Disaster ?
By Canadian Mortgages Inc. It was the beginning of last month when bond prices plunged and RBC increased mortgage rates in response. Not too long after Scotiabank and TD followed suit. But while homeowners and home buyers are groaning about these higher mortgage rates, they’re not all bad. And in fact if you look at […]
Mortgage Rate Hike = Interest Rate Up = Home Prices Down ?
First, they say Canadian mortgage rates on the rise … Canadian mortgage rates on the rise Mind you, the hike is solely to increase the already fat profit margin of banks, it has nothing to do with interest rate, not yet. For the record, interest is still the same old artificially suppressed rate we have […]
Times Are Still Good, Government Dares Not Raise Rate, Banks Up Charges And Continue To Profit Insanely
Analysis – The buyers are back, Canada housing market defies doomsayers US-ECONOMY-HOUSING-ANALYSIS: Analysis – The buyers are back, Canada housing market defies doomsayers TORONTO (Reuters) – Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage […]
CMHC knows what to do with $23B in hand, but not $700B liabilities on her shoulder ?
Apparently CMHC is hiring consultant how to mess with her $23 billions or so cash in hand. We wonder what is her strategy in case the $700 billions she is shouldering on behalf of taxpayers go belly up ? Canada Mortgage and Housing to form investment consultant pool BY RICK BAERT Canada Mortgage and Housing […]