The State of Canada’s Housing Market One Year Later
Roundtable Luncheon with Sylvain Leduc, Stéfane Marion and Steve Mennill
Sponsored by:
Since we last discussed the regulations on the housing sector, much has changed; from Ontario’s Fair Housing Plan to OSFI’s B-20, it is critical that we meet again and review where we are one year later. To answer the pressing questions on the stability of Canada’s housing market, and whether we have gone too far with all the new regulations.
Sylvain Leduc, Deputy Governor, Bank of Canada
Sylvain Leduc became Deputy Governor of the Bank of Canada in May 2016. In this capacity, he shares responsibility for setting monetary policy and for overseeing the Bank’s financial system activities.
Before coming to the Bank, Mr. Leduc spent most of his career in the US Federal Reserve System, doing research on monetary policy and open-economy macroeconomics. He worked as a senior economist specializing in international finance in Washington, D.C., and as a senior economist focusing on macroeconomic research in Philadelphia. He became research advisor at the San Francisco Fed in 2008 and then Vice President of Microeconomic and Macroeconomic Research in 2013.
Mr. Leduc earned a bachelor’s and a master’s in economics from McGill University and a PhD, also in economics, from the University of Rochester. He has served as editorial advisor for the Canadian Journal of Economics.
Stéfane Marion, Chief Economist and Strategist, National Bank of Canada and National Bank Financial
Stéfane Marion is Chief Economist and Strategist for National Bank of Canada and National Bank Financial, a position he has held since November 2008. Mr. Marion is a sought-after speaker on economic trends and
their financial implications and is ranked among the leading economists in Canada according to Brendan Wood International.
National Bank Financial's Economics and Strategy team is regularly ranked among the top Canadian forecasters and has won recognition for the accuracy of its projections.
In 2012, the C.D. Howe Institute appointed Mr. Marion to its Monetary Policy Council and to the newly established Business Cycle Council. He also sits on National Bank Pension Committee.
Mr. Marion joined NBF’s Economics Group in 1999. Previously, Mr. Marion worked for several years in the federal departments of Finance and Industry in Ottawa, where, in addition to economic analysis and
forecasting, he also worked on microeconomic policy impact studies. In particular, he participated in the development of forecasting models and the analysis of the FTA and NAFTA free-trade agreements with the
United States and Mexico.
Mr. Marion holds a Bachelor’s degree and a Master’s degree in Economics from the Université de Montréal.
Steve Mennill, Chief Risk Officer, Canada Mortgage and Housing Corporation
Steve Mennill is Chief Risk Officer of Canada Mortgage and Housing Corporation.
Prior to this he was Senior Vice-President, Insurance at CMHC, where he led both the homeowner and multi-unit mortgage insurance businesses.
Steve has worked at CMHC for 25 years in a wide variety of roles including housing finance policy, insurance product development, business process and technology, default management, claims payment, social housing portfolio management and affordable housing research.
Before joining CMHC, Steve worked as an urban planner providing consulting services to land developers and municipal governments in the Toronto area.
This session is private and off-the-record.
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