Over the next few days, we’ll be posting insights from the 2009 Canadian Mortgage Conference and Expo in Toronto.
Kicking off the speaker line-up today was noted CIBC economist, Benjamin Tal. Ben spoke to over 1,000 delegates, and below are some of the key quotes and observations he shared with the crowd…
Regarding real estate prices, Tal said:
Tal also said Canada is in a much stronger place than our southern neighbour. His reasons:
Tomorrow, we’ll cover insights from the conference’s lender panel…
The 2009 Canadian Mortgage Conference and Expo is a production of the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Established in 1994, CAAMP is Canada’s national mortgage industry association. CAAMP has over 12,000 members, consisting of mortgage lenders, brokers, insurers and other industry participants.
Why is it that Garth Turner’s “predictions” draw more commentary than Ben Tal’s much more informed & supported predictions . . . ?
Because Ben isn’t a fear monger, and bad new is always more popular than good news :)
The duration of unemployment (which is “as important as unemployment rate”) is much lower in Canada. That means Canadians can more easily get replacement jobs to pay their mortgage if they lose work.
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