Mortgage News
- My mortgage dilemma: 5 vs. 10-year term – Toronto Star
- Meridian Takes on Banks as Canadian Credit Unions Grow – Bloomberg
- Bank of Canada maintains overnight rate target at 1 per cent – BOC
- National Bank Adjusts its Mortgage Rates – NBC
- Difficult mortgage, debt payments ahead if interest rate hiked – Globe and Mail
- Debt-laden Canadians vulnerable to interest rate hikes – CICA survey
- Interest rate: Why Mark Carney’s Canada is (still) the one per cent – Toronto Star
- New mortgage rules slam door on cooling housing market – Financial Post
- Desjardins Group Announces Changes in Residential Mortgage Rates – Desjardins
- Meet the one-year fixed rate mortgage – Globe and Mail
- (New rule) Good for homeowners – and the economy – Globe and Mail
Real-Estate News
- Canadian home sales edge lower in June – CREA
- Hot Toronto market lures sellers to cash in as Vancouver cools off – Globe and Mail
- Canadian Housing Market Showing Clear Signs of Cooling – BMO
- Is Canada’s housing market finally starting to cool? – Globe and Mail
- Canada home resales, prices slip in June – Reuters
- GTA new listings were up by 14.4% y/y, Price up by 3.5%, sales up by 5.6% – TREB
- Home Sales Dropped Due to New Mortgage Rules in Canada – Property Magazine
Financial News
- Banks will win, customers lose under Flaherty’s new spat-resolution rules – Globe and Mail
- Competition bureau probes Canadian link to bank scandal – CBC
- Economic Mood Index hits 3 year low – Poll
- Minimal Growth in Canadian Consumer Debt in Second Quarter: – Equifax
- Confidence at Lowest Point in Two Years: Survey – TNS
- Consumer debt growth down 30% in Q2 in biggest post-recession slowdown – Vancouver Sun
- 5 tips for borrowing money the right way – Globe and Mail
- Canadians less satisfied with their banks – Globe and Mail
- Amid scandal, central banks plan overhaul of Libor interest rates – Globe and Mail
- Canadian inflation rate rises to 1.5% in June but most consumer prices stable – Edmonton Journal
- Layoffs a real risk for homeowners: credit service – Winnipeg Free Press
Other News
- US 30-year mortgage rate drops to record 3.56 pct. – AP / Bloomberg
- Zuckerberg’s Mortgage Rate is Now 1.05% – Reuters
- IMF cuts global growth forecast as emerging economies slow – Reuters
- Consumer bureau to police credit reporting bureaus – AP
Quote of the week
Some people are glass half-full types and some people are glass half-empty. In this role, I’m a glass half-empty type.
Julie Dickson via — Financial Post,.
Thanks for reading. Have a good weekend.
