Fed Hikes Rates In The U.S.

Federal Reserve

Rarely has there been a more widely expected result as today’s 0.25 percent rate hike by the Fed. This is the second interest rate increase since the Fed started the current process of interest rate re-normalization one year ago. Although, many had called for additional hikes earlier this year, the policy makers held the overnight …

Tightened Mortgage Rules Are Coming

Mortgage Rules

(From our Chief Economist – originally posted at https://dominionlending.ca/news/morneau-takes-big-guns-slow-housing/) Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mortgages. These new rules will come into play effective November 2016. They will target both foreign buyers and …