Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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OSFI’s new boss – Jeremy Rudin

Minister of Finance Joe Oliver today announced appointment of new Superintendent of Financial Institutions Jeremy Rudin. He will be replacing Julie Dickson. Mr. Rudin holds a B.A. from the University of Toronto, an M.C.R.P. from Harvard University, and a Ph.D. in economics from Stanford University. Mr. Rudin

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No easing of quantitative easing – not yet

The US Federal Reserve Chairman Ben Bernanke did not want to withdraw stimulus from the market. There were recent speculations that feds may start to tighten the market soon – but that is not happening now – not till end of this year. According the US Federal

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OSFI explains Balance Sheet Exposure on Capital Adequacy Requirements – Good for banks

Canadian banks – at present do not have a fixed capital ratio requirement. What they have is a mixed bag of guidelines imposed by OSFI. Since the last balance sheet meltdown, various BASEL committees were set up and they came up with ideas to regulate financial institutions

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Bank of Canada and Current Financial Condition – Underwater Household

Before the crisis, it took only 2% reduction of asset value to wipe out capitals of the international banks – said Mark Carney, Governor of the Bank of Canada. To protect the financial institutions from a similar disaster in future the international authorities have cranked up the

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Housing Indicators

Regardless of what are being reported in recent media and institutional publications – there are only two factors which governs the housing show – Demand and Supply. the value of your nest is influenced by buyers – who are willing to pay the amount you are asking

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Canadian Banks – 2012 – Q2 Results in Charts

The headline read Q1 – That was a typo.

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Earnings, Bonds and Greece – What next?

Today 5 year bond yield went down – With Greece slipped deep inside debt debacle and European Union in political pandemonium – It was not expected from Canadian bond market. Again, with Canadian weather and finance – anything is possible. So, relax, the fixed rates are not

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Economic Indicators – What to Believe?

“Lies, damned lies, and statistics”. We all know it, still we tend to play with numbers. If you look at the Canadian Prime Rate chart then you shall see that if you take few random 10 years windows then some will give you a raising rate scenario

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Covered Bonds – CIBC has the biggest pie.

It is no secret that CIBC has been throwing mortgage brokers a lot of challenges with its ultra-competitive mortgage interest rate. If we take a look at their capital acquirement then one thing is loud and clear – CIBC is leading the herd. (source) Covered bonds are

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Quarterly Results – some interesting observation

BMO and National bank are yet to publish their results. So, it is not possible to provide the exact pie-chart, yet. But there are some interesting observations –

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Just another story

Often we write about bad news. Very rarely come across a writing about something good. I have decided to tell you two good things happened in my life yesterday and after that I am going to tell you the other story. It was a while before my

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Pay Day loan in Canada

Last week there was an article in AP about the big banks backing pay day loan companies. Same as spam e-mail payments mostly processed by some big names, the pay day loans are being mostly funded by big brands – the article claimed. In Canada, there have

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