Find us on Google+ Google+

Friday, July 8th, 2022

Canada housing correction could trigger another recession, BMO report says – Consult with a Vancouver Mortgage Broker

OTTAWA — A sudden and sharp correction in the housing market could have a devastating impact on the Canadian economy overall, enough to trigger another recession, says a new Bank of Montreal report. Bank of Canada holds rate at 1%, cuts growth forecast for 2014 The Bank of Canada says it is keeping interest rates […]

OSFI moves to tighten mortgage insurance guidelines – Consult with a Vancouver Mortgage Broker

Canada’s financial regulator has unveiled a set of proposed guidelines for mortgage insurance providers aimed at tightening standards around underwriting governance and risk management. You want some of these record low rates on the market but you’re locked into a mortgage. Just break it, right? Not so fast The draft guidelines come two years after […]