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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, October 19, 2017

CMHC is strong enough to withstand a housing correction

Canada Mortgage and Housing Corporation says that its capital levels are strong enough to withstand earthquakes, anti-globalization, a sharp drop in oil prices, or a US-style housing correction.

The agency carries out stress testing of its finances as required by OSFI to ensure it maintains capital levels strong enough to deal with extreme scenarios.

“CMHC has always been and continues to be a stabilizing force in Canada’s housing system,” commented Romy Bowers, Chief Risk Officer, CMHC. “As a responsible risk manager, we seek out extreme, almost unimaginable situations and ask ourselves ‘what if?’ That’s the goal of our stress testing – to measure how we would stand up to these unlikely shocks. In all cases, this year’s stress testing shows we are well capitalized to handle these very severe situations.”

MBN

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