About Me

My photo
GTA, Ontario, Canada
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!

Tuesday, December 1, 2015

Mortgage lenders flag up risk from reduced CMHC exposure

The previous Conservative government’s strategy of reducing the Canada Mortgage and Housing Corporation’s exposure to mortgage loan risk was challenged by the lenders’ body. The Canadian Bankers Association told the government that shifting more of the risk onto lenders added risk to the stability of the financial system. The warning has been discovered following am access-to-information request from The Canadian Press which revealed that the CBA highlighted the “implications on the housing and mortgage markets.” The letter from August 2014 said that shifting the risk onto lenders would likely lead to higher mortgage rates. The Liberal government has not yet confirmed its intentions regarding the previous government’s plan.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

No comments:

Post a Comment