Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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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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Stagnant credit growth – Money is dead. Mortgage, HELOC growth will slow further

It is only about 10% of the money – that is created by the government. Rest of it come from various credit products offered by the banks or financial institutions. The industry grows the money by lending-deposit-lending cycle. Money is required to pump up nominal GDP. In

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There is no reason for BoC to raise interest rate.

Two days from now Canadian Central bank will announce its decision on overnight lending rate. Skeptics are forecasting another flat call. The bank is now facing the challenge of keeping a delicate balance between industrial growths and allowing the personal debt to inflate. It appears that the

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Canadian GDP – Charts

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Housing market and its influence on everything

You look for mortgages or loans to buy a home. There are thousands of Canadians doing the same thing at the same time. There is a home buying season in real estate industry. Due to very obvious reasons – normally home buying activity stalls in the month

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Democracy of debts – crisis comedy continues.

It looks like many citizens of democracies around the world are under debt. The word democracy is a Greek word which means “People power“. The data in the chart are from CIA library. Democratic countries in most places are following the latest fashion of borrowing and spending

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