Jim Flaherty

It’s spring (despite what Mother Nature says) and that means it’s time for another round of mortgage rate wars. But before the Bank of Montreal (BMO) had the chance to unveil its controversial 2.99% rate again, … Read More

I always listen to music while writing, as I find it allows ideas to flow more freely. Today, I’m listening to Lauren Hill’s Doo Wop, which is a cautionary tale, albeit about men, with no clear … Read More

Poloz spells out ground rules for rate hike – The Globe and Mail This week, Stephen Poloz delivered his first interest rate announcement as the newly-appointed Governor of the Bank of Canada (BoC). Along with leaving the … Read More

Stephen Poloz named Canada’s next central bank chief – Financial Post After months of anticipation, Finance Minister Jim Flaherty shocked many by announcing that Stephen Poloz would be taking over Mark Carney’s position as Governor of the … Read More

Are banks racing to the bottom? If you’re thinking of buying a home this spring, there’s never been a better time to get a mortgage. Despite the fact that most lenders are no longer offering juicy … Read More

Brokers pursue mortgage break for first-time homebuyers – The Globe and Mail The federal government implemented new mortgage rules in July of last year which have undoubtedly been a major source of the current cooling in … Read More

Are stubborn sellers killing the real estate crash? – Financial Post It seems to be the new trend for first-time buyers: saving more while waiting for home prices to drop. And while Flaherty’s new rule that decreased … Read More

Bank of Canada Governor Mark Carney Heading to the U.K. After months of media speculation, it finally became official – Mark Carney announced he is leaving his post as the Governor of the Bank of Canada … Read More

CMHC Releases Tenth Annual Review of the State of Housing in Canada – CMHC CMHC has released its tenth annual Canadian Housing Observer report, which gives a broad range of statistical information on the state of … Read More

Bank of Canada leaves the overnight lending rate unchanged – Bank of Canada For the 27th consecutive month in a row, the Bank of Canada (BoC) has kept the overnight lending rate at 1.00 per cent. On Tuesday … Read More