Archive for: July 2015

Industry welcomes CMHC change

Filed under: Mortgage - 29 Jul 2015

THINK OUTSIDE THE BOX:  CMHC announced Monday that it will now consider 100 per cent of gross rental income from a two-unit owner-occupied property when an owner applies for insurance.

The crown corporation announced its most recent mortgage rule change Monday …

Changes in the Benchmark Bond

Filed under: Mortgage - 27 Jul 2015

THINK OUTSIDE THE BOX:  As most readers here know, fixed mortgage rates follow bond yields over time. That’s why, with the 5-year fixed being Canada’s most popular term, mortgage originators keep close watch on the 5-year government bond yield.

Last Thursday, …

Five things to watch after the Bank of Canada’s latest rate cut

Filed under: Mortgage - 16 Jul 2015

THINK OUTSIDE THE BOX:   Looking ahead, a lot is riding on how the U.S., Canada’s largest trading partner, manages its own growth. Federal Reserve chair Janet Yellen said Wednesday that the U.S. central bank is on track to raise interest …

Bank of Canada cuts benchmark interest rate to 0.5%, slashes economic outlook

Filed under: Mortgage - 16 Jul 2015

THINK OUTSIDE THE BOX:  It was widely predicted, and now the Bank of Canada has joined private-sector analysts in acknowledging the economy likely slipped into recession in the first half of 2015 — something that hasn’t happened, technically at least, …

Halfway through 2015: An economic update

Filed under: Mortgage - 08 Jul 2015

THINK OUTSIDE THE BOX:  As hard as this year will be for many, it’s vital that Albertans remain positive; an economic slowdown is a normal part of the business cycle.

Today, ATB Financial is releasing its latest Alberta Economic Outlook