Friday 1 July 2016

Key Points from MPC’s Spring Report


Mortgage Professionals Canada released its spring report on mortgages and housing this week. More so than in previous reports, this one was opinion-heavy on the overall affordability and sustainability of housing. MPC s Chief Economist Will Dunning has long held that mortgage rule tightening could trip up the economy, noting that …the greatest risk to the housing market (and consequently to the broader economy) is not reckless consumers or lenders – it is needless policy changes. That position has been well covered by the media so we won t belabour it here. Instead, here are four other quotes that deserve attention — this author s feedback is in italics. ******** Our review of housing market READ MORE
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2016/06/mortgage-changes-reviewed.html

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