Mortgage News
- Scramble for mortgage-holders – Winnipeg Free Press
- Man pays off mortgage with 62,000 penniesGlobe and Mail
- New mortgage rules could make switching or refinancing tougher – Globe and Mail
- Nearly Half of Canadians Unfamiliar with New Mortgage Rules – BMO Poll
- New mortgage rules make it harder to spend money the government lent you – National Post
- The decision on debt: What’s the right mortgage? – Vancouver Sun
- C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent – C.D. Howe
- A list of major lenders still offering 30- to 35-year amortizations – CMT
- Bank of Canada expected to soften tone on rate hikes next week – National Post
Real-Estate News
- It’s not a buyer’s market until prices drop – Vancouver Sun
- Vancouver home sales plunge to 10-year low in June – National Post
- Toronto home sales down 13 pct, Vancouver falls 27 pct – Reuters
- Home buyers scramble before mortgage rules change – CBC
- Hot housing market can be dangerous for debt: Flaherty – Simcoe.com
- New rules worrisome – IFP
- Toronto condo buyers, welcome back to the driver’s seat – Toronto Star
- Housing bubbles: Messy and unpredictable – Globe and Mail
- Canada Rental Housing Crunch ‘Threatens Economic Recovery,’ FCM Report Says Huff Post
- Vancouver posts healthy year-over-year price increases – Royal LePage
- Toronto house prices post strong gains in second quarter – Royal LePage
- Canada’s Housing Market at a Tipping Point – Royal LePage
- Toronto Housing Starts Stabilize in June – CMHC
- June 2012 Housing Starts Increase in the Vancouver Census Metropolitan Area (CMA) – CMHC
- New mortgage rules to further cool Toronto’s condo market – Global News
- Five reasons why falling house prices aren’t so bad – Globe and Mail
Financial News
- TD Bank closing some customer accounts to comply with economic sanctions against Iran – Ottawa Citizen
- High-paying positions drove job growth in the first half of 2012: CIBC
- Rules control debt load – Windsor Star
Quote of the week
But it is always faintly — or not so faintly — ridiculous to hear government officials or Bank of Canada suits warning about Canadian household debt when interest rates remain at near-historic lows.
Matt Gurney via — New mortgage rules make it harder to spend money the government lent you National Post.
Thanks for reading. Have a good weekend.
