The Hub: News & Events for April 17, 2019

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April 17, 2019


Central 1 News 

Advice No. 219 - Update to CMHC's Commitment to Insure Policy  
Good news for approved lenders: there has been an update to CMHC's commitment to insure policy. Recognizing that new construction often takes longer than 24 months, lenders now have the authority to extend the insurance commitment to a maximum of 36 months (up from the previous maximum of 24 months). 
Central 1 Events

April 24-25, 2019
Central 1 Member Forum
Sheraton Vancouver Wall Centre

April 25, 2019
Central 1 AGM
Sheraton Vancouver Wall Centre

September 8-10, 2019
Momentum Summit & Trade Show
Westin Harbor Castle, Toronto

(Save the date)
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit unions
First West Credit Union executive and long-time community leader honoured with the 2019 SOURCES Community Hero Award (Press release)

Growth and stability the key themes for First West Credit Union in 2018 (Press release)


Canada's inflation rate rises to 1.9% in March as food prices climb (CBC)

Canada's trade deficit narrows to $2.9 billion (CBC)

Personal finance
Today is Talk With Our Kids About Money Day Across Canada! (Cision)

Personal Investor: Survey finds investors can't get no satisfaction (BNN Bloomberg)

Canadian banks on 'credit doomsday watch,' CIBC analysts warn (BNN Bloomberg)

Over 50 percent of card present transactions were contactless in Q1 2019 (Mobilesyrup)

Housing/Real Estate

Mortgage stress test accounts for up to $15B drop in new mortgages in 2018: CIBC (CBC)

Canada Should Revisit Mortgage Rules as Housing Cools, CIBC Says (Bloomberg)

Commercial Real Estate: Vancouver developing a bad reputation for foreign investment (Vancouver Sun)

'Disappointing' Canadian housing market is set to pick up this year (Livabl)


Industry Events

April 23, 2019
Credit Union Foundation of B.C. AGM 
Stabilization Central Credit Union of B.C. AGM 
Sheraton Vancouver Wall Centre

May 5-8, 2019
2019 National Conference for Canada's Credit Unions
Winnipeg Convention Centre

May 7-9, 2019
Enhancing Business Performance through Co-operative Management Strategies
Saint Mary's University
Winnipeg, MB

June 9-14, 2019
CanadaDE Credit Union Leadership Program
Saint Mary's University
Halifax, NS

September 15-17, 2019
CULA Conference
White Oaks Conference Resort
Niagara-on-the-Lake, ON
(Save the date)

October 3 – 5, 2019
35th Annual Credit Union Directors' Forum 
"Good Governance: The Future of Ontario's Credit Unions"
Hilton Mississauga/Meadowvale

October 21-22, 2019
Everlink Connections 2019
Hilton Toronto
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Central 1 Credit Union, All rights reserved.

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