The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she trekked into the rarely discussed issue of cheap credit and extended amortizations and how they actually erode affordability, even though politicians claim otherwise. The Deputy Governor warned policymakers that “there’s no free lunch,” and tinkering with the mortgage market can have the opposite impact while amplifying longer term risks to households, and the greater economy.
https://betterdwelling.com/bank-of-canada-warns-policymakers-against-tinkering-with-mortgages/
https://betterdwelling.com/bank-of-canada-warns-policymakers-against-tinkering-with-mortgages/
The number two at Canada’s central bank just made it clear she isn’t a policy cheerleader, like the Governor has been in recent months. Bank of Canada (BoC) Deputy Governor Carolyn Rogers addressed finance professionals at the Economic Club of Canada last week, explaining the usual mortgage market risks. It got more interesting when she trekked into the rarely discussed issue of cheap credit and extended amortizations and how they actually erode affordability, even though politicians claim otherwise. The Deputy Governor warned policymakers that “there’s no free lunch,” and tinkering with the mortgage market can have the opposite impact while amplifying longer term risks to households, and the greater economy.
https://betterdwelling.com/bank-of-canada-warns-policymakers-against-tinkering-with-mortgages/
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