Presented by UDI Okanagan
Canada's Macroprudential Framework Pre and Post COVID-19: The Highlights and Low Points of Government's Response and Its Impact on the Housing Market
COVID-19 and the required economic shut down has changed the landscape for real estate markets across Canada. Since March, economic predictions have all been proven conjecture: past events are no longer a viable predictor of the future. Millions of Canadians’ income has been impacted, and governments have been tremendously quick to respond to support our economy and Canadian families’ well being.
In addition to income support, the crown agencies have also ensured liquidity in our banking systems to support credit issuance continuance.
Federal level polices determine and set mortgage qualification. A combination of the Federal ministry of finance, the Bank of Canada, the Office of the Superintendent of Financial Institutions, and the Canada Mortgage and Housing Corporation, collectively set risk tolerances and eligibility guidelines: basically, who can borrow how much.
Paul will describe the changes and programs that have been implemented to date, and discuss possible directional changes in the coming months as we return our societies back to our new normal.
Proudly Sponsored by:
Valley First, A Division of First West Credit Union
A brief AGM will take place in advance of this webinar