Category: Government

January

2019 – Year in Review

As we turn the page on 2019, we wanted to take a look back at how mortgage rates fared as well as some of the key themes in mortgage news over the year.

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Canada Flag

Morneau Ordered to “Review” Stress Test. What Can We Expect?

The directive from Prime Minister Justin Trudeau to Finance Minister Bill Morneau on Friday was short and sweet: “Review and consider recommendations from financial agencies related to making the borrower stress test more dynamic.” What will actually come from this review and the resulting tweaks (if any) to the mortgage stress test is unclear. BACKGROUNDER: There are two mortgage stress tests, one on insured mortgages (less than 20% down payment) and another on uninsured mortgages. The latter, implemented on January […]

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Bank of Canada

BoC governors “encouraged” by mortgage stress test outcomes

In a press conference following yesterday’s interest rate announcement, Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins discussed the reasoning behind the rate decision as well as the updated monetary policy report, as well as the effect that a so-called “insurance cut” would have.

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bank of canada

Canadian interest rates will likely sink lower in 2020

The Canadian labour market is strong and wage growth is encouraging, but still, the Bank of Canada can’t seem to shake the feeling that something bad is going to happen.

The post Canadian interest rates will likely sink lower in 2020 appeared first on Livabl .

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