Wondering if the new mortgage rules are curbing home prices?
I came across this article in the Globe and Mail and thought it was worth sharing. It sheds some light on the impact of higher rates and stricter mortgage rules on home prices.
Worth a read.
DM Montly Report – Summer 2018
PERCEPTION AND REALITY IN ENERGY MARKETS – The modern electric car is an engineering marvel and most of us would love one in our driveway. Wind farms are sprouting up like dandelion patches in several regions and solar is now so efficient that it’s become a viable power alternative for many homes and buildings. With renewable energy technology racing ahead and western nations focused on moving beyond fossil fuels, it’s hardly surprising that global demand for oil and gas is in decline. Except that it isn’t. In fact, aside from a brief setback during the deep 2008/09 recession, yearly consumption has risen steadily and now sits at all time highs.
Click here to read more: DM-Monthly-Report-Summer-18
Cardinal Update – June 2018
THE CANADIAN BANKS – The Canadian banks have been consistent operators over the last several years, (even through a severe oil and gas downturn) yet remain largely underappreciated. This is partly attributable to the media’s focus on the slowdown in Canadian housing, due in part to new mortgage rules and high consumer leverage, and the potential concerns these raise for the banks. With the Canadian banks having recently completed another quarterly reporting season, it is worthwhile to look at the data points that help to assess the concerns, as well as some broader trends supporting the investment thesis.
Click here to read more: Cardinal Update – June 2018
