Mortgage growth in Canada hasn’t been this weak since 2001

Are We There Yet? The United States and Canada After the Global Financial Crisis – It has been a long time since I was. economic growth has been of paramount importance. While there was some concern that QE could have resulted in runaway inflation, that hasn’t happened. In fact,

Seritage’s first-quarter earnings were terrible thanks to Sears, but that hasn’t changed anything about the long-term opportunity The Sears Bankruptcy Killed This REIT’s Earnings, But Not Its.

Mortgage Growth in Canada Hasn’t Been This Weak Since 2001 (Bloomberg) — Canada’s mortgage growth has fallen to the lowest in nearly two decades as interest rates rise and after new mortgage rules took effect at the start of the year.

CFPB turns its reg relief focus to HMDA Sen. Elizabeth Warren responds to our invitation to discuss policy – policy questions about the economy, free markets and regulation. We should focus on problems that are specific to particular countries or groups of countries, such as the non-monetary restrictions.

 · Over the past decade, Canada’s mortgage debt outstanding has more than doubled, with the index of house prices to disposable income increasing 25% in the same period; faster than comparable OECD.

The good news (and bad) about Canada’s economy – –  · The bad news. One of the most frustrating issues for Poloz is the country’s weak export growth, especially outside of the energy sector. The export recovery has been uneven, and the pace is not what the central bank is hoping for (“Exports were okay, but not great,” Poloz recently told Maclean’s).

Job growth has been another bright spot of late. Scotiabank notes the annualized pace of employment growth since last July roughly matches the all-time record set way back in 1979. Canada is also now matching the U.S. in this regard. Even hard-hit sectors such as manufacturing have seen gains recently.

Australian economic growth hasn’t been this slow since the GFC. According to the Australian Bureau of Statistics (ABS), the economy grew by 0.4% in March quarter in seasonally adjusted chain.

The Bank of Canada has signalled that rates will continue to rise – but for how long given larger economic data trends? Last week the Bank of Canada (BoC) raised its overnight rate by 0.25%, as was widely expected, and that means that variable mortgage rates (and line-of-credit rates) will increase by the same amount in short order.

Rising rates: This phase favors consumers over banks Overuse of GSE tools in the private-label market adds risk: Moody’s Lenders tap their market know-how to save money on facilities A cash-out refinance allows you to shake some money out of your home’s equity by borrowing more than you owe. It’s a popular move. More than half of homeowners who refinanced during the first.People on the move: Aug. 25 The triangle business journal features local business news about Raleigh/Durham. We also provide tools to help businesses grow, network and hire. People on the Move – Triangle business journalsite map Page 1 – Generated by – Moody’s Credit Ratings Moody’s ratings are a measure of long term risk of each issuer’s ability to meet debt payments taking into account changes in management strategy, regulatory trends, and the next economic cycle or longer.

It’s a safe bet most Canadians have never heard of MCAP Corp., but the suits on Bay Street were watching it closely last month as the mortgage. Canada. Since the early 2000s the number and value of.

Application volume is flat as refinance activity slows U.S. home refinancing activity hits 11-week high: MBA. The share of refinancing requests versus total applications grew to 50.9 percent, the biggest since January 2017, from 49.4 percent a week ago. The MBA’s barometer on total mortgage applications adjusted for seasonal factors rose 3.3 percent to 420.5 last week.

Freddie Mac is forecasting 6.2 million home sales this year and, if cash sales were to return to their more normal 10 percent share, that would mean 5.6 million mortgage originations. Assuming an.