Jim Flaherty news

  • Jim Flaherty move shocks brokers

    Brokers may not know whether to laugh or cry following Flaherty's announcement Tuesday.

  • Brokers split on whether they hope Flaherty runs again

    Brokers are divided on whether they feel Finance Minister Jim Flaherty stepping down would benefit the mortgage industry, despite the finance minister’s history of instituting unpopular mortgage measures meant to cool the market.

  • Have your say: Flaherty unsure of 2015 election run

    Some may rejoice at Jim Flaherty's recent announcement that he is unsure whether he will run for Finance Minsister in 2015 but could a new finance minister have a more negative effect on the mortgage industry?

  • Budget 2014: Win for monolines

    The broker channel can chalk up a win for monolines following Tuesday’s budget meeting, with Finance Minister Jim Flaherty taking steps to arm “smaller banks” with the tools to better compete with the big banks.

  • IA to withdraw 2.99 rate today

    The debate about the 2.99 per cent rate is expected to shift Friday, with MortgageBrokerNews.ca learning the lender behind that rate will ditch it by 5 p.m.

  • The 2.99 per cent five-year fixed is back

    The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.

  • Overnight rate on hold until economic data improves

    The governor of the Bank of Canada, Stephen Poloz, suggested Tuesday that the overnight interest rate may soon be raised and he welcomes a strengthening American economy as one of the catalysts for such a maneuver.

  • Broker: Expect tighter underwriting in 2014

    One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.

  • Advisor proposes reining in CMHC

    The president of a macroeconomic advisory agency suggested changes CMHC needs to make to harness its mortgage market influence in 2014, including reinstating the regional mortgage cap; but will mortgage brokers agree with him?

  • Brokers beware of young buyers driving Audis

    Finance Minister Jim Flaherty said on CTV’s Question Period Sunday that he is monitoring the state of the housing market and is willing to intervene in the mortgage default insurance industry again if the need is felt.