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New Thinking On BoC Rate Hike

Brokers are anticipating a particularly busy 2014 as clients look to move before the Bank of Canada does, although there’s new thinking on the timing of its long-awaited hike in the overnight rate. "The Federal Reserve calmed potential homeowners and investors by signalling it won’t raise the rate until the economy improves further, which by [...]

By |2017-01-31T18:05:51-07:00January 4th, 2014|Mortgage Rate|Comments Off on New Thinking On BoC Rate Hike

Breaking News: CMHC CEO Appointment

The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer of CMHC for a five-year term effective January 1. "Mr. Siddall brings to the position extensive leadership and senior management experience," Kenney said. "His proven financial and capital markets expertise [...]

By |2017-01-31T18:05:51-07:00October 29th, 2013|Mortgage Rate|Comments Off on Breaking News: CMHC CEO Appointment