The slow progress of implementing open banking in Canada is causing impatience in the mortgage industry, says Christine Buemann of The Collective Mortgage Group.
https://t.co/1q8dsrxwwj
#mortgagenews#mortgageindustry#mortgagebroker#openbanking
Whoa! 🇨🇦 population up 865,000 y/y and 360,000 last quarter alone.
Let's drop all the political correctness and have a real discussion about this. I have no idea what the "right" number is, but this is a massive amount of growth that probably sets up for a future housing crisis
We pay too much attention to the most confident voices—and too little attention to the most thoughtful ones.
Certainty is not a sign of credibility. Speaking assertively is not a substitute for thinking deeply.
It's better to learn from complex thinkers than smooth talkers.
Uncomfirmed reports now of a 4.1 earthquake in #CityofPG.
Details to come, that was a pretty wild shake sustained in Prince George throughout the city. @ckpgnews
At the age of 77, local Prince George athlete Tuomas Ukonmaanaho is still breaking records in track and field! We are honoured to name him as our Athlete of the Month for September 2022. #TeamBrink
Today's 75 bps Fed rate hike is further inverting Canada's yield curve (see the 10yr-2yr yield spread below) and further boosting the chance of recession. If history is a guide and CPI starts downticking, 5yr fixed mortgage rates should be markedly lower by the end of next year.