Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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This was a week of Bubble. Clearly there are two teams. Yes-Bubble and No-Bubble. Both are calling their best shots but no clear winner yet. The game getting interesting and scary.

Mortgage News

  • Customers Who Have Chosen 25-Year or Less Amortization Mortgage in 2012 Will Save Over $167 Million – BMO
  • Commercial Real Estate Leaders Remain Modestly Optimistic – CNW
  • Why we’ve locked in to a 10-year mortgage – Toronto Star
  • 2011 Annual Report Highlights CMHC’s Role in Housing in Canada – CMHC
  • Ask Rob Carrick: Is Canada heading for a housing correction? – Globe and Mail
  • The pace of growth in household credit is no longer a reason for the Bank of Canada to move from the sidelines any time soon. – CIBC
  • CMHC considered selling mortgage insurer as housing bubble fears grew – National Post
  • CMHC defends its role in debt financing – Ottawa Citizen
  • Canada Housing Bubble Concern Shown in Insurer Query: Mortgages – Bloomberg
  • Are Canadians ready for higher rates? – Globe and Mail
  • Is the variable-rate mortgage dead? – Globe and Mail
  • CMHC says has no special guidance on rates – Reuters
  • Mortgage terminology: A simple guide – Toronto Star
  • Buying a home with just 5% down? Make sure you love it – Globe and Mail
  • Real-estate News

  • How to see past a home stager’s tricks – Toronto Star
  • Things to watch for when flipping a condo – Toronto Star
  • Which Canadian property markets are most at risk? – Globe and Mail
  • Home Trust has not seen evidence of a “real-estate bubble” in Canada. – Q1 Report
  • It’s time to believe the boy who cried wolf
    Interest rates now likely to rise before the end of the year
    Calgary Sun
  • Record Quarter for Toronto Condo Sales – Marketwire
  • Sky-high housing prices in Vancouver’s west side short-lived – Globe and Mail
  • Ontario Home Starts Grow in April – CMHC
  • Housing bubble talk dismissed amid Toronto ‘condo craze’ – Toronto Star
  • Ask Rob Carrick: Is Canada heading for a housing correction? – Globe and Mail
  • RBC chief Nixon weighs in on housing bubble furor – National Post
  • Canada Housing Bubble Talk Dismissed – Bloomberg
  • Canadians Ready for Real Estate Market Shake-Up – PropertyGuys.com
  • Take building-permit figures with a pinch of salt – Globe and Mail
  • Vancouver Housing: Bumpy Landing Ahead – BMO
  • Financial News

  • Unusual loans to Canadian banks raise questions – Vancouver Sun
  • Canadian credit card system of fees ‘perverse,’ raises prices: Competition Bureau – Winnipeg Free Press
  • Canadians cooling down their overheated debt load – Vancouver Sun
  • Anti-austerity ballot backlash rattles euro zone – Reuters
  • Consumers rein in debt burden, but housing ‘overshooting’: CIBC – Globe and Mail
  • Visa, MasterCard fees to be scrutinized by consumer watchdog – Toronto Star
  • Other News

  • (US) National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009 – TransUnion
  • Are you Ready to be a Homeowner? – Million Dollar Journey
  • Thanks for reading. Have a good weekend.


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