Long-term mortgage rates to rise soon, Stephen Poloz says The market handled the tapering announcement well, though it put pressure on bond yields, including Canadian bond yields, Poloz said Bank of Canada governor Stephen Poloz says he expects long-term interest rates to rise this summer as the U.S. Federal Reserve continues tapering, but he believes that would be a […]
Real estate will continue to boom because more money is being unleashed
Good News Thirty-year mortgages remain a focus for OSFI Canada’s banking regulator is still monitoring 30-year mortgages, the head of Canada’s financial regulator told a conference of mortgage brokers in Toronto on Monday. In recent years there has been a shift in the marketplace, with lenders offering more 30-year amortizations, and that’s something that the […]
Real Estate Reigns, Cheap Money Rules
Low rate pledge seen recharging Canada’s housing boom The Bank of Canada’s surprising signal on Wednesday that it will not raise interest rates any time soon will lift the housing market and give indebted households breathing room, but it leaves many apprehensive there will be a hard reckoning.
Canada Real Estate Is Good & Dandy
Looks like the real estate rendezvous is good and dandy … Mortgage rates are going down ! Why no rate hike means variable mortgages are safe again A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be […]
Canadians investing in U.S. properties may not see profit for a very long time
Why ? Plenty of reasons. First, Americans do not believe in “Manhantanization”. Well, other than the real Manhattan where Fortune 500 and the world elites must have a presence there for whatever reason, most likely egoistic, or perhaps hangout of the world biggest tech lunatics such as the case of Silicon Valley, most cities in […]
How Tighter Mortgage Standards Are Holding Back the Recovery
Poor US, Canada doesn’t seem to have such problem … Jim Flaherty is happy to tighten our mortgage rulings, and Stephen Poloz is okay to keep the younger generation out of housing market … Canada is simply better. Live with it. The housing recovery faces headwinds because it’s too hard to get a mortgage today, which in […]