This weeks dose.
Mortgage News:
Don’t expect big mortgage slowdown anytime soon: BMO economist – Financial Post
A Time To Reflect – Boris Bozic, thanks to @CdnMortgageNews.
IMF calls for review of CMHC risk management – Globe and Mail
Real-estate News:
GTA REALTORS® Report Mid-Month Resale Housing Market Figures – 11% above the number of transactions recorded during the same period in 2010. – TREB
Canadian housing market showing signs of a classic bubble: Merrill Lynch – Calgary Herald
Toronto House prices hit new record – Toronto Star
Canada’s real estate market likely to cool: report – CTV
Canada’s housing boom among longest in Western world – Globe and Mail
The new homes market in the GTA broke two records in November – BILD
Slow growth to clip housing prices 5% – Financial Post
Independent advice crucial in title insurance purchase – Toronto Star
Financial News:
Gold to drop in Q1, far from retesting record high – Reuters
Only About One in Ten Canadians Met 2011 Financial Goal – TransUnion
Immigrant wage and employment gaps persist – RBC
Bank of Canada Announces Appointment of Special Adviser – Bank of Canada – Sendoff begins?
Canadians feel like they’re on top of the world: poll – Macleans
Royal Bank warns on debt loads – CBC
Wages still failing to keep up with inflation – Globe and Mail
Canada’s inflation rate holds steady – Toronto Sun
Inflation poised to hit 20-year high – Toronto Star
Canada’s Top Court Says Single Regulator Is Unconstitutional – BusinessWeek
Canada’s economic growth stalls in October – CBC
Other News:
U.S. housing heals even as its damage widens – Reuters
Canadian investor Brookfield prepares to expand empire into London – Telegraph
50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe – Center for Research on Globalization
Do Low Interest Rates Sow the Seeds of Financial Crises? – A work in progress study from Bank of Canada
US Home sales hint at recovery after deep slump – Reuters
US Mortgage rates hit another record low – CNN
Quote of the week:
“In our view, the housing market is one of the most vulnerable sectors to this weakening economic environment, showing classic signs of overvaluation, speculation and oversupply,”
- Bank of America Merrill Lynch.
Thanks for reading. Have a good weekend.
