Source: News Formal (newsformal.com)
As much as I don't like Trudeau, it's not this government that's cooling the mortgage market. It's the fact that having a humugous mortgage for a square foot of space seems like a terrible deal. I won't be jumping onto the property ladd, anytime soon!
Duh when you raise the interest rate not based in general inflation in goods and services, but rises in taxes and carbon taxes, this kind of thing happens - a crushing recession- who is honestly surprised by this? Who?
ShortTheBanks LongBitcoin
As a resident of Vancouver.. sadly it's probably for the best..
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Banks, Lobbyists Pressuring Canada To Loosen Mortgage Stress TestKeeping the mortgage stress test at its current level doesn't make sense when mortgage rates are rising, the industry says.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sourcesSupporters of easing say the stress test should be flexible and adjusted to account for interest rate moves and market conditions in your best Arnold Schwarzenegger accent because banks don't much like having skin in the game? stress test is for mortgage insurance which lets the bank off the hook if home owner defaults? Gtfo of here. Stop sacrificing the future of youth to help boomers out again. Keep the stress tests.
Source: nationalpost - 🏆 10. / 80 Read more »
Rising rates, tougher mortgage rules hit Toronto new home, condo sales last yearReport by Altus Group says sales of all types of pre-build homes in the GTA fell 40 per cent in 2018 This link wants your money
Source: globeandmail - 🏆 5. / 92 Read more »
Short sellers renew bets against Canadian banks in 2019 — so far they're paying a high price‘Everyone’s walking on eggshells’: Short interest in the big Canadian banks now stands at US$11.39 billion
Source: VancouverSun - 🏆 49. / 61 Read more »
Short sellers renew bets against Canadian banks in 2019 — so far they’re paying a high price‘Everyone’s walking on eggshells’: Short interest in the big Canadian banks now stands at US$11.39 billion
Source: nationalpost - 🏆 10. / 80 Read more »
Crown seeks eight-year sentence for woman convicted in Canadian Tire attackRehab Dughmosh was found guilty of four terrorism-related charges after attacking workers in June 2017 at a Canadian Tire store in east Toronto An absolute disgrace relative to the Crowns position! Why is the crown actively working against the best interests of Canadians? The maximum should be sought with no credit for time served. There is a serious problem with our system when terrorists are given any form of leniency.
Source: globeandmail - 🏆 5. / 92 Read more »
Can Canadians watch American Super Bowl ads this year?For the third year in a row, Canadians will be able to watch the same Super Bowl ads on television as their friends south of the border—but enjoy them while they last. If the Cdn networks would not override the American originating network (this year CBS) then there wouldn’t be a problem. Stay in your own lane CRTC. Let us make our own choices how we watch programming. SuperBowlLIII Majority of Cdns live close enough to the U.S. and can watch local U.S. channels directly with a simple antenna. No cable, satellite, nor Cdn cable owned streaming option. It's 53 yrs, not 3. Duh. When can Americans watch the CFL? Oh that's right Americans don't give a crap about the CFL!!!!
Source: macleans - 🏆 19. / 71 Read more »
Bombers re-sign Canadian DB Hecht to one-year deal - TSN.caThe Winnipeg Blue Bombers re-signed Canadian defensive back Jeff Hecht to a one-year contract on Sunday.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Crown seeks 8 year sentence for Canadian Tire terror attackerProsecutors are seeking an eight-year sentence for a woman found guilty of terror charges after an attack at a Canadian Tire in east Toronto. Not enough 8 years? That's it? Is this a ploy to send her to prison, then have some minor inconvenience happen over those 8 years so that the government 'has' to pay her 10M? Should be deported
Source: CP24 - 🏆 30. / 67 Read more »