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.
