Overheating housing market was ‘terrifying.’ Why Royal LePage’s CEO is OK with the mortgage stress test

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Phil Soper has a bit of contrarian view for a realtor

 

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OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sourcesSupporters of easing say the stress test should be flexible and adjusted to account for interest rate moves and market conditions in your best Arnold Schwarzenegger accent because banks don't much like having skin in the game? stress test is for mortgage insurance which lets the bank off the hook if home owner defaults? Gtfo of here. Stop sacrificing the future of youth to help boomers out again. Keep the stress tests.
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »

New numbers paint bleak picture of Metro Van housing marketSales and prices are continuing to plummet, according to the latest Metro Vancouver real estate report. About time! Natural result of being under a liberal/socialist regime. Those new taxes on real estate are a killer! Now we know that that same group of people not only demaged our real estate market but also present great national security threat.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »

Canada’s housing market still ‘vulnerable’ even as Toronto valuations cool, says CMHCCanada's housing market still 'vulnerable' even as Toronto, Victoria valuations cool, says CMHC Condos need to correct 50% lower
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Canada’s housing market still ‘vulnerable’ even as Toronto valuations cool, says CMHCCanada's housing market still 'vulnerable' even as Toronto, Victoria valuations cool, says CMHC
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »