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Mortgage Broker News | 15 Dec 2015, 08:15 AM Agree 0
Ottawa announced two new mortgage rules Friday, and the government may not stop there
  • Matt | 15 Dec 2015, 09:12 AM Agree 0
    National Bank increased its capital ratios 6 weeks ago, and last week, Laurentienne Bank. This happenned before this accouncement, which is curious. Maybe banks are trying to play nice for fear of getting even higher capital ratio requirements forced on them. I met a high-up at TD this weekend and he tells me there are a lot of layoffs because higher capital ratios will make it harder for them to maintain their ROE. 2015 might have been the profit inflection point for our banks.
  • Debbie | 15 Dec 2015, 12:15 PM Agree 0
    Real Estate, the only thing driving the economy, yeah lets ruin that too!
  • Kate | 15 Dec 2015, 01:48 PM Agree 0
    tightening credit card rates and limits might be something the government should take into consideration. people need to have housing, rent or mortgage payments will be a constant but not credit card debt! how does a person save for a down payment when rental rates are as high or more than a mortgage payment .. now the down payment will be even higher for large centres. there are other factors in play that push the price of homes out of reach for hard working canadians just trying to buy their first home,, but I think the government is more focused on what makes them money.. how much of our property is bought by foreign investors????
  • Jess | 16 Dec 2015, 04:21 PM Agree 0
    Please don't take this personally Debbie or Kate... but your comments show that you do not understand the industry, economics, or the reality of what is happening today. I am seriously hoping that you are not mortgage brokers, because this is very basic stuff to know if you are. Any broker should know this, if you don't... you should not be a broker.
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