Jim Flaherty news

  • Flaherty threatens action

    Finance Minister Jim Flaherty says he will step in to intervene once more if the housing market appears to move toward a bubble.

  • Flaherty backing away

    Finance Minister Jim Flaherty appears to be backing away from further interference with the mortgage industry, sharing his satisfaction with the housing market and addressing a call for higher interest rates.

  • OSFI to consult public before making changes

    OSFI has held off on further tweaks to underwriting rules, but amid speculation that it may soon spring into action, one representative has assured MortgageBrokerNews.ca the public – including brokers – will be allowed their say.

  • Brokers aren't ready to trust Flaherty

    A year after he imposed stricter guidelines on the housing market, Finance Minister Jim Flaherty announced Wednesday that he has no plans to further intervene. The announcement hasn’t provided comfort for mortgage brokers, though.

  • Brokers ready for active August

    Brokers expect August home sales to steal the fall market’s thunder as buyers look to move before a rise in interest rates – a trend July’s booming numbers highlight.

  • Victoria market recovering after a brutal 2012

    Vancouver Island brokers vividly remember the wasteland that was the mortgage landscape in Victoria, following the tightening of the amortization rules in July of 2012 – the summer of damage control.

  • Flaherty shifting his focus to credit card companies?

    Mortgage brokers’ prayers may finally have been answered – Finance Minister Jim Flaherty is raising the possibility that he will attack the credit card problem from a regulatory front.

  • Ottawa has ‘overtweaked’ housing market, says broker

    Government intervention has gone too far already, and the decision by the new Bank of Canada governor to keep the overnight rate unchanged is welcomed news for a housing sector still reeling from “too much tweaking,” says one industry vet.

  • June numbers could mean hot July for brokers

    Now may not be time for brokers to take their foot off the gas, with rising home sales in June likely to zap the strength of the fall market, according to one economist, reflecting on interest rates.

  • Flaherty stays - better the devil you know

    Mortgage brokers may have been ready to burn Jim Flaherty in effigy last year when he tightened the mortgage rules, but yesterday’s announcement by the Prime Minister that Flaherty would remain as finance minister drew a grudging sigh of relief across the channel.