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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, May 11, 2017

High house prices prompt Moody’s downgrade for Canadian banks

Moody’s has downgraded its ratings for six Canadian banks due to their exposure to risk from high house prices and household debt.

The ratings firm has cut the deposit and long-term debt ratings for TD Bank, BMO, RBC, Scotiabank, CIBC and National Bank.

Each has been moved down one level over fears that the quality of the loans they hold may be weakened.

Moody’s says that consumers and the banks may be “more vulnerable to downside risks facing the Canadian economy than in the past.”

Although it acknowledges the capital and liquidity buffers that Canada’s big banks have, Moody’s notes that their resilience has not been tested at the current high levels of indebtedness.

TD is now rated Aa2 while the others are A1.

MBN

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