What Happens When Access to Equity Becomes A Valuable Commodity?
This week the Minister of Finance announced some changes explicitly designed to slow the Canadian housing market.
On Friday, October 20th, 2016 TD Economics issued a special report on the new mortgage rules and what they mean for our housing market.
On Friday, October 21st, 2016 The Globe and Mail posted an article on the Liberals' new plan for a deductible for mortgage insurance premiums.
Should the Bank of Canada Drop Rates?
The market believes there is a 50% chance the Bank of Canada will decrease the overnight rate this week. This will send our weak Canadian Dollar even lower, and might not be in Canadians' best interest.
On Thursday, January 7th, 2016 CBC News posted an analysis detailing why they believe that the Toronto housing bubble is not about to burst anytime soon.