by Peter Lirantzis | Jul 26, 2016 | Announcements, Blog, Homeownership
Although no firm changes have been announced regarding mortgage regulations, it looks like this might be the beginning of something. The following is correspondence shared by Mortgage Professionals Canada by email to the mortgage industry, it has been shared here for...
by Peter Lirantzis | Jul 19, 2016 | Blog
VERICO’s Economic Consultant Michael Campbell has just released the Economic Update for Q3 2016, a VERICO Exclusive. “Brexit is important but it’s part of a much bigger story…The key to know is that the Brexit vote and the demise of the European union is driven by...
by Peter Lirantzis | Jul 13, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.Inflation in Canada is on track to return to 2 per cent in 2017 as the...
by Peter Lirantzis | Jun 28, 2016 | Blog
Since at least 2008, there have been repeated bursts of commentary that there is a housing bubble in Canada. Those comments have generally assumed that rapid growth in house prices (or a rising ratio of house prices versus incomes or of house prices versus rents) is...
by Peter Lirantzis | May 31, 2016 | Blog, CMHC
It’s been said that talking about the Canadian Housing Market is like talking about the weather in Canada. “How’s the weather in Canada today”? seems like a rather odd question, it all depends where you are! Similarly, the Canadian Mortgage and...
