006: What’s in store for the economy in 2018?
What’s in store for the economy in 2018?
This past year we saw many challenges in the housing sector. There were the recent changes to the mortgage rules that included a “stress test” for all insured mortgages.
We saw housing prices increase in some areas of the country while in other areas we saw a slowdown of housing activity. We’ve also seen the fixed-rate on mortgages start to climb due to the upward pressure on bond yields and increases to the cost of funds.
There is concern about high consumer debt. The market is still jittery about the policies of the incoming US president. Yet Canadians are resilient. Despite gloomy predictions, despite increasing debt loads, despite all the changes we have endured, we continue to look on the bright side and consumer confidence is high.
This month we talk to Will Dunning to get a bird’s-eye view what lies ahead for the Canadian economy and the housing market. Will is the Chief Economist for Mortgage Professionals Canada who specializes in analysis of housing and mortgage markets
About your host
Gina studied Journalism at the Southern Alberta Institute of Technology (SAIT) in Calgary, and began her career as a sports reporter at the Calgary Sun covering college and university sports. With a longing for new adventure, she eventually moved back home to Hamilton, Ontario to continue her career. Driven by a thirst for knowledge, Gina has studied Psychology and English at McMaster University, as well as Applied Music at Mohawk College.Throughout her career, she has never strayed too far from her journalism roots and has worked as an Editor for various publications including The Hamilton Spectator and Canadian Mortgage Professional Magazine.
Canadian owned and operated since 1990, TMG The Mortgage Group has helped a quarter million Canadians get the right mortgage solution to suit their financial needs, earning a respected reputation with lenders and clients as leading-edge mortgage experts that deliver on the company’s Vision+Values.
From coast to coast, our 700+ qualified and Accredited Mortgage Professionals and Mortgage Professionals in major, metropolitan cities and regional areas are meticulously trained on lender mortgage products and services to provide professional, knowledgeable expertise.