Gioia Angela Salvadori - Mortgage & Investment Information

03/19/2020

02/13/2020

CIBC’s chief economist says economic growth in 2020 will be nothing to write home about

01/31/2020

The Wall Street Journal: "The Bank of Canada might need to look beyond its usual two-year horizon when considering the impact of monetary policy on consumer debt and housing markets, a senior official said Thursday."

The Bank of Canada might need to look beyond its usual two-year horizon when considering the impact of monetary policy on consumer debt and housing markets, a senior official said.

07/26/2019

Canadian real estate owners just squeezed out a new record for borrowing home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of loans secured by residential property reached a new record high in May. The record high came with smaller than typical month...

06/13/2019

Financial Post: Philip Cross: Punchbowl Poloz’s legacy of rising bubbles, sinking dollars and limping growth

His greatest mistake was endorsing easy-money policies. As a result, in his final year at the Bank of Canada, he has barely any accomplishments...

His greatest mistake was endorsing easy-money policies. As a result, in his final year at the Bank of Canada, he has barely any accomplishments

05/02/2019

Bank of Canada Governor Stephen Poloz on Tuesday said that while the Canadian economy currently faced some headwinds, there was good reason to believe growth would accelerate in the second half of this year. Poloz, speaking to the House of Commons finance committee, reiterated that he felt an accomm...

04/30/2019

OP-ED: Mortgage rules & the stress test are hurting the ability of young families to buy a home.

CEO Tim Hudak asks which Political Party this October will step up & protect the Canadian Dream of for future generations.

http://business.financialpost.com/wcm/ec850f11-361e-4afb-9232-cdac209dfbec via Financial Post

03/08/2019

Stress test and 30yr amortization in the news...

The Toronto Real Estate Board is calling on Ottawa to re-think the mortgage stress test and bring back longer mortgages amid falling sales in the country’s biggest real estate market.

01/08/2019

On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it.

12/23/2018

Economists are rolling out their 2019 forecasts for the Canadian housing market, and one in particular doesn’t have high hopes for where the market is headed in the new year.

According to Benjamin Tal, deputy chief economist at CIBC, there could be plenty of good news in store for the Canadian economy in 2019 — but the housing market won’t be part of it.