Tags » Housing Bubble

Big banks cut prime rate to 2.85 per cent

TORONTO – Canada’s biggest banks have started passing on some — but not all — of the Bank of Canada’s recent rate cut, lowering the interest charged to borrowers with loans and mortgages tied to the prime rate. 447 more words

Money

Government Created the Housing Bubble and Financial Crisis — and Could Be Doing so Again

by Michael Barone,  Right Wing News

What caused the financial crisis? How can we prevent another one from happening again? The answers you most often hear to those questions are (1) greed and deregulation and (2) the Dodd-Frank law. 158 more words

GOVERNMENT

Home prices fall in Calgary as real estate chill deepens

The Calgary housing market is cooling fast. New sales and listing data for the first half of the month have been released and the numbers aren’t pretty. 368 more words

Canada

Preventing the Next Housing Crisis: Shared Responsibility Mortgages

It is now commonly agreed that the Financial Crisis of 2008 was caused by the collapse of the housing bubble beginning in 2007. There were three main aspects to the huge collapse of wealth caused by the Financial Crisis: 300 more words

Jack Heidel

4 charts that show ‘Canada is in serious trouble’: Deutsche Bank

Torsten Slok is the chief international economist at Deutsche Bank, a global banking and financial services giant based in Frankfurt.

Slok is one of the economists at the bank who whipped up a mixture of excitement, fear and scoffs way back in December 2013 for suggesting Canadian home prices could be… 326 more words

Canada