INFOGRAPHIC: The Top Mortgage Moments of 2015 + MORE Dec 25th

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TORONTO – The Conference Board of Canada says the proposed Ontario Retirement Pension Plan will mean long-term increases in income that offset the small negative effect on the economy over the near-to-medium term.
In a cost-benefit analysis of the Liberal government’s pension plan, the Conference Board says the increase in mandatory savings initially results in a period of reduced household spending as pension contributions lower family income.
The negative effect on Ontario’s GDP in the near term is partially offset by the fact that individuals are expected to reduce their RRSP contributions when they start paying into Ontario’s pension plan.
ORPP: Low income, part-time workers to take home less »
The Conference Board — an independent, not-for-profit applied research organization — says the impact on overall real GDP is also offset by a fall in imports as less household spending is used to buy foreign goods and services.
Expected decreases in Employment Insurance and Workplace Safety and Insurance Board payroll premiums “further mitigate the short-term economic impact” of the Ontario Retirement Pension Plan…

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INFOGRAPHIC: The Top Mortgage Moments of 2015Who says monetary policy has to be boring? It’s been a turbulent year – for borrowers, lenders and policy makers. It’s no wonder Bank of Canada governor Stephen Poloz has been recognized as Canada’s 2015 Business Newsmaker of the Year by The Canadian Press.
We’ve highlighted the top mortgage news moments of the year below. Want to read more about each newsmaker? Scroll down for our top headlines by month.

Read More About the Mortgage Moments of 2015
January
Bank of Canada Cuts Interest Rate to 0.75%
Banks Cut Prime to 2.85%
Are Oil Prices Housing’s Kryptonite?
February
How Will Lower Oil Affect the Calgary Housing Market?
CMHC Q1 Report Calls for Housing Market Slowdown
March Rate Cut Looks Less Likely
March
Detached Home Prices Top $1 Million in Toronto
New IMF Warnings for Canada’s Housing Market
BMO Drops Mortgage Rate to 2.79%
April
Atrocious Economic Conditions Expected for Q1
CMHC and Genworth Hike Mortgage Insurance Premiums
Meridian Introduces 1…

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