Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Canadian Housing awe continues

Recently, three institutions in three different occasions said the same thing – Canadian housing market is overvalued. OECD: IMF: Bank of Canada: All those reports point towards a housing related financial risk but how much of an actual risk exists in the market – everyone failed to

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Canadian homeowners are just fine – former Bank of Canada governor.

According to Mark Carney – former governor of Bank of Canada – in an interview with Sky News – Canadian homes are facing lesser amount of danger compared to the ones in United Kingdom. According to him, Canadian homes are 50% less in terms of valuation metrics

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Bank of Canada – A Briefing on Canadian Residential Mortgage Market

Lensers share of residential mortgage market - Bank of Canada

Housing market and mortgage borrowing have been a thorn on the policymakers seats for a while. No one bar the buyers from buying a home and at the same time nothing stopping them to dig deeper into mortgage debt. From the supervisory perspective this is dangerous. This

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Should Canada lay off CMHC?

Canadian five years bond yield 10 years chart Nov 13

Inflation has been performing under the normal level for a long time. Bank of Canada with their so called monetary stimulus failed to revive inflation to a healthy level. Beside weak inflation, strong housing is another serious threat to our economy – if it is in a

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Regulators are watching Canadian housing and mortgage market

OSFI does not try to forecast about current state of Canadian residential mortgage market nor its future. It observes the market closely and is ready to take corrective action, if necessary to protect the interest of consumers, depositors and the lenders. This was told by Superintendent Julie

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OECD, Fitch and Bank of Canada Chief have nothing in common

OECD is very optimistic about Canadian economy. It thinks that Canada is heading towards the right direction and it will get out of the current economic turmoil soon. It thinks that Canadian economy will attain its glorious 2% inflation target by the end of 2015. In its

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Rates will go up and we know that – Poloz

A seven years bubble will leave a seven years crater once it bursts – according to Bank of Canada Governor Stephen Poloz. Although we have almost made it through the recession but few more miles still remain to be gained. Despite of him defining the most recent

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A report on Canadian housing market – abnormal growth fuelled by CMHC?

A report full of data and the way they are presented – makes it an interesting read. The report covers from secret ingredients made by CMHC to “Jumping Jim” Flaherty – racing his housing hot rod to the finish line. Overall the report looked for obvious weaknesses

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House Prices – Differences between Various Indicators

The intension was to do a research on the long term impact of low interest rates. The best place to dig for information is Japan and its lost decade. Japanese deflationary economy is an interesting example of recent socio-economic issues countries around the globe are facing today,

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Real-estate and Housing – Safe or Slipping?

Before you start reading too much between the lines and try to dig deeper into the contradictions of the predictions – something is very clear – There will be no housing garage sale in the summer of 2013. Yeah! Some multi million dollar mansions may sale for

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What was that Collateralized Debt Obligation (CDO) anyway?

In 2008 in the middle of US financial meltdown, Canadian banks were also taking hit. CIBC was at the center of the focus. In short Canadian Imperial Bank of Commerce had few risky exposures south of the border. Five years since then, it appears that the ghost

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Canadian Condos – A Threat or Just a Myth?

CMHC today reported that the number of multiple starts (mostly condos) was higher last month in Toronto. The builders are still hoping for a nicer future. Their predictions are generally reliable; those tend to come from more grass-root level than many other analyses. In 2008 we saw

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