CMHC decides to share more info

The Canadian Mortgage and Housing Corporation (CMHC) is the crown corporation that backs the majority of Canadian mortgage products.  They have recently decide to magnanimously share more info about the Canadian mortgage market:

The changes in the CMHC’s disclosure come after some economists had demanded CMHC share more of its information about the market. Among them was CIBC deputy chief economist Benjamin Tal who published a report suggesting that the lack of market information makes its harder to get an accurate picture of the stability of the market.

Read the full article in the Financial Post.

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space889
Member
space889

If I through personal donations, and corporate donations from companies I control, donated vast amount of $$$ to a particular set of candidates (or just all of them) for their election campaign, on the unspoken understanding that they will back my RE development proposal, PPP ventures, or whatever, that would benefit myself or my corporations, does that count as bribery? Or just supporting democracy??

Burnabonian
Guest
Burnabonian
South for the winter
Guest
South for the winter

i wonder what the numbers below are for BC or Lower Mainland..

“CMHC said said the average credit score in its portfolio was 743 in the first quarter while average gross debt service was 26.2% — both signs CMHC says of the strong ability of homeowners to manage debt…”

I’m guessing above info is Canada wide right?

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

i guess something other than the CMHC is causing high prices in vancouver…. hmmm.. i wonder what it could be…

Janitor Yellen
Guest
Janitor Yellen
The headline should read “CMHC Policymakers Baffled by Public Skepticism”. Gee, could it be this. Every couple years there is an event that completely blows the assumed normal distribution of independent financial crisis payout events and yet CMHC only charges enough premiums to cover a few percent of their liabilities. The government takes enormous risks with willy nilly taxpayer backstops and then they’re “baffled” because of skepticism. Good grief. Stop being baffled – just repeal the federal CHA covenant of interference in the public and private home loan securitization business. In the meantime people, don’t give away your valuable right to go bankrupt and spend the equity instead of giving your payments to these guys and going bankrupt anyway: http://vancouver.en.craigslist.ca/rds/apa/4473884431.html I found that ad looking for interesting bankruptcy wanted ads. People can pool their money on a house downpayment and… Read more »
Aggregator
Guest
Aggregator

CMHC won’t disclose any market sensitive data (important data) that would affect CMB and MBS pricing. If anything, they’ll just throw the public a few data biscuits and tell everyone to shut up.

patriotz
Member

@7: “CMHC won’t disclose any market sensitive data (important data) that would affect CMB and MBS pricing.”

These are Crown guaranteed so RE market data wouldn’t affect their pricing any more than it would GoC bond pricing.

I think they just don’t want to give ammunition to their critics.

RFM
Guest
RFM

The VANCOUVER REALTOR HUNGER INDEX for May 2014 was 50%. How does this compare? The 17-year average for May is 37%. At 50%, the 2014 May VRHI was higher than 11 years and lower than 5 since 1998.

Details and comparison data for 17 years at: http://vancouverpeak.com/showthread.php?tid=64

NIMBY KING
Guest
NIMBY KING

http://www.cbc.ca/news/canada/british-columbia/cbc-news-vancouver-in-59-seconds-1.2663878

Sales in Metro Vancouver spike 14% compared to last May!

Its all those foreigners! Stop the invasion, or tax the shit out of all of them!

Wait, what? Immigrants and foreigners are different?? I don’t care!

Best place on meth
Member
Best place on meth

The real estate board of Vancouver has announced that we are moving towards a sellers market.

When next months stats come out they’ll be silent on that front.

BWilson
Guest
BWilson

According to CBC sound bite the RE market is “booming.” In the first 5 months of 2014, sales were 8.6% below the 2003-2013 average and rank 9th out of the past 12 years. We came into this year right at or above the 10 year average (in December/January). The second half of 2013 was relatively stronger (seasonally adjusted). This is a pretty muted spring market.

paulb
Member

New Listings 299
Price Changes 118
Sold Listings 154
TI:17069

http://www.paulboenisch.com

VanRant
Member
VanRant

@11 BWilson
CBC is just reading off the Real Estates Board’s press release, just like other news media.

Bo Xilai
Member
Bo Xilai

Ian Young slams Bob Ransford and his racist-baiting column…

I’m really starting to like this Ian Young guy… He writes what everyone thinks in Vancouver, yet endangers so many entrenched real estate interests in this city…

http://www.scmp.com/comment/blogs/article/1525043/vancouver-real-estate-cheerleader-crying-racist-dont-bother-kow-towing

Burt
Guest
Burt

Ian Young is a lonely voice of reason in this city.

Brilliant really, I hope to hear much more from him.

Best place on meth
Member
Best place on meth

#14

Ian Young’s headline sounds an awful lot like something I would say.

“A Vancouver real estate cheerleader crying ‘racist’?”

http://vancouvercondo.info/2014/05/fffa-affordability-rates-leaks-income-condo-battle.html#comment-233031

Welcome to VCI, Ian!

Keep up the great work my good man!

johnyboy
Guest
johnyboy
Here are the stats for Apartments. just look at the last number. It is the HPI for gain/loss for the last five years. 11% over 5 years. Lots of areas where HAM never ventures doing a lot worse. Some in the loss column and look at Whistler! Aren’t you glad your spouse, brother-in-law didn’t make you buy that condo on the slopes? Apartment Lower Mainland $343,300 150.6 0.6% 1.3% 2.4% 2.4% 0.6% 11.1% Greater Vancouver $377,500 152.6 0.5% 1.1% 2.6% 3.2% 1.1% 13.5% Burnaby East $409,700 155.5 -0.4% 0.4% 2.0% 9.4% 8.9% 11.4% Burnaby North $344,700 145.7 1.3% 2.2% 1.6% 4.3% 1.7% 11.7% Burnaby South $386,000 155.0 0.9% 1.6% 2.4% 4.0% -0.1% 16.3% Coquitlam $254,100 139.9 0.5% -2.2% 1.1% 3.0% -4.1% 9.5% Ladner $307,200 145.6 2.6% 1.7% 7.8% 0.3% -3.4% 8.8% Maple Ridge $165,700 120.8 -1.8% -4.3% -8.6% -3.1% -12.0%… Read more »
JR
Guest
JR

Am I missing something or is a 50% sell/list ratio really poor for this time of year in a supposedly “balanced” market?

Aggregator
Guest
Aggregator

#7

If that was true issuers wouldn’t have bought or be buying CMHC insurance on top of crown guarantees.

Son of Ponzi
Guest
Son of Ponzi

Aggregator 2 : Patriotz 0

Romeo Jordan
Guest
Romeo Jordan

The slow melt continues.

Wake me up when we hit 18,000. It’s coming.

Hahaha haha…he who laughs last laughs best.

Best Laugher

No Noise
Guest
No Noise

Heard on mainstream media tonight that it’s a sellers market now. hahahahahaha. More debt please! hahahah

No Noise
Guest
No Noise

My pal I mentioned before has been asked by his realtor to drop by $20k. To start. Zero interest. King Ed and Mackenzie.

No Noise
Guest
No Noise

Real tough selling west side, let alone east side. $819 ask, $640 sold Moss st

No Noise
Guest
No Noise

Tax the motherfuckers. Simple as that.

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