Mortgage News
- Banks hint at renewed rate war – CMP
- Canadian Economic and Market Fundamentals Research Report – 2012 Second Quarter – Morguard
- More than half of retired Canadians carrying debt – CIBC
- Debt-burdened Canadians succumb to lure of long-term car loans – Globe and Mail
- Canada’s new mortgage rules: Friend or foe? – Metro News
- Mortgage rule changes are a backwards move – Regina Leader Post
- CIBC giving brokers raw deal – CMP
- Mortgage rule changes will hurt Sask. markets – The StarPhoenix
- Expert outages stymie submissions – CMP
- A glimpse of FirstLine saga – CMT
- Mortgage rules won’t lower prices – Vancouver Sun
- Canada’s banks resist mortgage rate war – Montreal Gazette
- The upside of tighter mortgage rules – Calgary Herald
Real-Estate News
- Toronto ERs feel weight of downtown condo boom – Toronto Star
- No condo bubble in Toronto: RBC report – Toronto Star
- ‘Average’ house prices don’t tell the whole story – CBC
- Average residential sale prices in Ontario are up 17 per cent since 2008 – MPAC
- Toronto not in condo bubble: RBC – National Post
- Toronto housing prices up 23 per cent since 2008 – Toronto Star
- Canadian home prices to tumble 25% in long-term: Capital Economics report – Winnipeg Free Press
- Canadian housing looks to be in soft landing, but actually heading for 25% crash: – Ottawa Citizen
- Online system matches buyers/sellers with realtors – Calgary Herald
- New mortgage rules are a barrier to home ownership – Edmonton Sun
- As GTA real estate softens, how to reduce risk – Toronto Star
Financial News
- Canada inflation perks up but rate hike seen distant – Reuters
- Global economy in worst shape since 2009 – AP
- Banks lose trust as service charges rise – Toronto Star
- Canadians trimming credit card debts: study – Vancouver Sun
- Economic Optimism Higher in Australia and Canada, Compared to Britain and U.S. – Poll
- Economy: 8 reasons the world is an uglier place today – Globe and Mail
- Seven ‘extremely rare’ signs that recession risks in America are rising: David Rosenberg – FP
- Why we spend and what makes us do it – Globe and Mail
- Low yields add risk to bonds – Financial Post
- S&P cuts ratings on 7 Canadian bank on high home prices, consumer debt – CB
Other News
- What’s gone wrong with the banks? – BBC
- Survey: Fewer than 1 in 4 trust financial system – AP
- Japan core CPI falls, deflation set to persist – Reuters
- Canadian banks beefing up insurance against hacker attacks – Financial Post
Quote of the week
For much of the past century, our policy makers have successfully – and deliberately – created a very powerful, domestically controlled banking system.
In fact, there is not a single business in which foreign competitors pose a serious threat to the Big Five.
Rob Wessel via How to break the banks’ market dominance — Globe and Mail.
Thanks for reading.
