CMT Team·Mortgage Broker News·November 29, 201210 Quick Quotes from CAAMP’s Econ Panel This year’s CAAMP economic roundtable in Vancouver included chief economists from Scotiabank (Warren Jestin), National Bank (Stephane Marion) and Laurentian Bank (Carlos Leitao). Most of their discussion revolved around risk in some way or another. Here’s a quick rundown of 10 comments they made that stuck out: “The biggest risk to the financial sector would be politicians.”—Marion “If we get any (economic) surprise in the U.S. it’s going to be an upside surprise.”—Jestin “2013 will still be a year of transition, with somewhat higher mortgage rates.”—Jestin “Economists are scaring you. Rates aren’t going anywhere.”—Marion “Fiscal austerity may collide with housing policy” in Canada.—Marion As a percentage of GDP, residential construction is 7%, which is “unsustainable”—Leitao The worry about household debt is “hugely overblown.”—Jestin CMHC is not at risk like Freddie and Fannie (in the U.S.), largely because those two “were forced to lend to meet their mandate.”—Leitao “Unsecured debt is “not the problem” in Canada—Leitao People used to buy houses near good schools. With a rapidly aging population, you may want to “Buy near a good hospital.”—Jestin Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.