The bank that cried wolf: Housing market vulnerabilities are still high.
Vulnerabilities in the Canadian housing market are still high despite rising interest rates and tighter mortgage rules, Bank of Canada Senior Deputy Governor Carolyn Wilkins said on Thursday.
It also released results of a model it said showed Canadian banks’ capital positions would not be affected by a 20 percent correction in the housing market, with the biggest declines in Toronto and Vancouver.
Read the full article here.
Hey why not? It’s Saturday so let’s kick off our weekend open topic discussion thread!
Here are a few recent links to kick off the chat:
–Fraser Valley sales drop 50%
–Public input on Real Estate dirty money
–CMHC forecasts 11% drop in buying power
–Free mortgage deal in Langley
–Regulators take aim at HELOC growth
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
It’s the end of another glorious week and that means it’s time for another glorious Friday free-for-all!
This is our regular end of the week news round up and open topic discussion thread for the weekend.
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have a fantastic (and glorious) weekend!
From southseacompany: Home prices in Vancouver are down 3-5% while over in Victoria they hit the 11th consecutive month of dropping sales.
Meanwhile next door, Edmonton is plunging and Calgary detached home sales have hit the lowest level since the 1990’s.
Its friday again and that means its time for another friday free-for-all thread.
What are you seeing out there in the streets?
Post your news links, thoughts and anecdotes in the comments below and have a great weekend!