Canada keeps triple-A rating with S&P
Standard & Poor’s has reaffirmed Canada’s triple-A rating despite mounting levels of household debt and the housing market flux.
Broker to CAAMP: Give up the mortgage-rule ghost
At least one broker is suggesting CAAMP – meeting with officials in Ottawa next week – needs to reconsider its position on tighter mortgage rules and embrace the long-term benefits of the revamp.
Flaherty 'happy' about slowing market
Jim Flaherty’s reaction to a cooling real estate market may be the polar opposite of most brokers, with the finance head suggesting he’s “happy” about the slowdown.
CAAMP returns to Ottawa for talks
CAAMP leadership will be talking to bureaucrats and politicians in Ottawa early next week in yet another effort to raise the red flag on tighter mortgage and lending regimes.
BOC chief moves to Bank of England
Bank of Canada Governor Mark Carney, credited for steering the country’s monetary policy through the recession, is leaving his post to head the Bank of England.
Majority of Canadians managing mortgages well
More than two thirds of Canadians are “comfortable with their debt” and are able to pay down their mortgages, suggesting that the stringent lending rules introduced by the government this summer may have been unnecessary, according the annual report released by CAAMP this week.
Brokers to Flaherty: What more do you want?
Finance Minister Jim Flaherty’s comments that the full impact of the government’s mortgage rule changes “have yet to be felt,” have some brokers scratching their heads.
BFS deals swamp brokers
The silver lining to tighter mortgage rules appears to be a spike in Alt A and BFS clients rejected by the banks.
Brokers fight bank-controlled complaint system
Brokers are watching closely whether the government will allow Canadian banks to opt out of a federal arbitration system tracking and investigating systemic consumer problems.
Broker: Don't rule out more mortgage rule changes
A leading B.C. broker is suggesting it would fall to the government to again tighten mortgage rules in order to limit the number of at-risk Canadians taking on new housing debt, arguing the Central Bank’s hands are effectively tied.