Category: Lending Rules
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Bank of Canada probably finished with rate hikes, says CIBC’s Tal
Dovish statement is ‘basically suggesting that the Bank is done’ A “relatively dovish” statement by the Bank of Canada yesterday (December 6) suggested that the central bank’s rate-hiking path is at an end, according to CIBC deputy chief economist Benjamin Tal. The Bank left its policy rate unchanged for a third consecutive decision, with few…
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Lending Rules Getting Tighter
As you may know, the lending rules have been getting increasingly tighter making it harder for people to qualify for mortgages but up until now, the rules have been predominantly geared to those with less than 20% equity in their homes. Sadly there are new changes proposed which will affect those with more than 20%…