Author Topic: Tougher conditions for mortgage in sight  (Read 1656 times)

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Offline MontrealGuy

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Tougher conditions for mortgage in sight
« on: Tuesday 12 January 2010, 13:08:40 »
 If the bank were to raise interest rates to cool the housing market now -- when inflation is expected to remain below target for the next year-and-a-half -- we would, in essence, be dousing the entire Canadian economy with cold water, just as it emerges from recession."As a result, it would take longer for economic growth to return to potential and for inflation to get back to target," he said.
 
If housing activity gets too enthusiastic, regulatory changes such as tougher conditions for mortgage insurance, would be preferable.
 
http://www.ottawacitizen.com/business/price+bubble+sight+Bank+Canada+says/2430750/story.html
« Last Edit: Tuesday 12 January 2010, 13:09:24 by MontrealGuy »


Offline mircea

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Re: Tougher conditions for mortgage in sight
« Reply #1 on: Thursday 14 January 2010, 23:49:21 »
In imobilismul lor mai scot din cand in cand cate-o decizie buna.
° ¸. ¸    :.  . • ○ °   .   . .   ¸ .   °  ¸.  ● ¸ . …somewhere   ° °  ¸. ● ¸ .   ° :.   . • °   .   :. . ¸ . ● ¸       ° .   ° :.  . • ○    .  °  . ● ¸ .    ° .  • ○ °   .      ° :.  . • ○    .  °  ¸….Way up high… ● ¸     ° °  .  ¸.     ° . .    ¸ .   °