CAAMP - We don’t need more mortgage rules tightening!

Our professional organization came out with its annual spring report “Change in the Canadian Mortgage Market.” This report made quite a lot of noise in the media since it addresses impact of mortgage rules changes on job market in construction and related industries over the long term and some numbers of potential job losses are pretty ugly…

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OSFI – transition to high interest rates may be quite painful

The head of the Office of the Superintendent of Financial Institutions (OSFI) Julie Dickson said the agency is thoroughly monitoring Canadian banks for the potential risks that can appear as the result of a prolonged period of low mortgage rates.

According to Julie Dickson, the longer interest rates remain low, the more chances that banks will take extra risk to increase the returns. In the end, borrowers will go into larger debts...

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Happy Victoria Day – what are we celebrating today?

Traditionally, Victoria Day is a federal Canadian holiday. It is celebrated on the last Monday before May 25 and honours the Queen Victoria's birthday.

It should be noted that this holiday was celebrated even before Canada was formed. At first, it fell on the actual sovereign's birthday...

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