Now it is on and now it is off – True North Mortgage Announced Low 5-Year Rate of 2.99% on 14th and now it is at 3.04%. Lenders are finding it more and more difficult to find good borrowers.
Mortgage News
- Banks go on appraisal alert in a volatile housing market – Globe and Mail
- Why no Canadian is safe from interest rate increases – FP
Real-Estate News
- Toronto house prices to fall slowly, TD Bank says – Toronto Star
- Foreign investment cuts both ways in Toronto condo market – Financial Post
- Canada’s Rental Vacancy Rate Decreases – CMHC
- Signs of sanity in Toronto’s condo craze – Globe and Mail
- (BC) Interior Housing Markets to Shine in 2012 – BCREA
- Economic Problems Continue to Pressure Global Real Estate Markets – Scotiabank Economists
- Where are Canadian real estate prices heading? – Globe and Mail
- Ask the experts: Is Canada in a housing bubble? – Globe and Mail
- Is Toronto’s housing market cooling, bubbling, bursting or booming? – National Post
- Will Calgary avoid cooling housing trend? – Calgary Herald
- Canadian Housing Market Expected to Moderate – CMHC
- Housing crash predictions using wrong indicators – Canadian Business
- Home price drop could mean less spending – Vancouver Sun
- Canada joins global list of softer housing markets – BNN
- Ten tips for aspiring home buyers – Globe and Mail
- GTA Housing Market Will Show Strength in 2012 – CMHC
- Canadian Housing Market Expected to Moderate – CMHC
Financial News
- Canada’s economy weakening – Financial Post
- Canada Jobs and Housing Data Signal Economic Weakness – Bloomberg
- Canadian dollar weakens as relief rally fades – Financial Post
- Canada Household Debt Hits Another High, StatsCan Says – Huffington Post
- Canada’s Carney pushes for European banking union – Reuters
- Yield stocks can survive Mark Carney’s move higher – Globe and Mail
- CIBC’s traders predict Greek default, exit from euro – Globe and Mail
- Budget conscious consumers collecting loyalty rewards to stretch their budgets – CIBC
- Canada household debt at record as factory sales lag – Reuters
- Canadians’ household debt still growing – Financial Post
Other News
- Canadians outpace all other foreign buyers in U.S. real estate market – Globe and Mail
- The Canadian Real Estate Association partners with the National Association of REALTORS® in its application for .REALTOR Top Level Domain Extension – CREA
- New U.S. regulators question bank capital rules – Reuters
- Canada Housing Trust sells C$5 bln debt in reopening-term sheet – Reuters
- U.S. home supply drops, sellers raise prices: realtors – Reuters
- Americans Sees Biggest Home Equity Jump in 60 Years – Bloomberg
- BMO Bank of Montreal Introduces Real-Time Online Appointment Booking – Marketwire
- Britain fights euro zone threat with credit boost – Reuters
- Regulators close three small US banks – Reuters
Quote of the week
About the only time interest rates pose a substantial risk of precipitating a crash is when central banks become concerned about overheating in the economy and are willing to provoke a recession to cool things off.
Larry MacDonald via — Housing crash predictions using wrong indicators.
Thanks for reading. Have a good weekend.
