Three months ago, Finance Minister Jim Flaherty told banks to tighten lending on their own. Now he’s doing it for them. The Department of Finance released a number of mortgage rules last Thursday that will mean large changes to housing in the years to come. Their main purpose for these changes is to slow down… Continue reading Big Changes are Coming!
The Bank of Canada met yesterday in the middle of more worldwide economic uncertainty. It is no surprise that they were a little more “dovish” in their speech. For those of us who don’t speak economist, this means that the Bank of Canada is not concerned with inflation and therefore not looking to increase interest… Continue reading Rates Could Head Even Lower!