It was just another usual week for mortgage market. Bond yield showed some blips (I would call them Spurious Peaks) and fixed rates went up. The spread is very thin now, the lenders can not wait for long.
Our BOC boss made some rate hike remark to help the red-hot Canadian dollar to go hotter. Real-estate is still dealing with some negative reports, season and new mortgage rule.
I shall work on my blog list in another post. This time this is just another lazy link collection.
Mortgage News:
Home Capital: The case for a misunderstood lender – Globe and Mail
MCAN Mortgage Corporation’s net income for the Q2 2012 was down from Q2 2011 – CNW
Real-Estate News:
Toronto Condo ‘Roller Coaster’ Peaks as Flaherty Acts: Mortgages – Bloomberg
Despite signs of cooling housing market, Toronto developers keep building – Globe and Mail
GTA home sales slide in July – Toronto Star
Toronto’s housing market cooling – Toronto Star
Canada’s Hot Housing Markets Beginning To Cool: Scotiabank Economists
Canadian housing prices to fall 10% over next few years: Scotiabank – National Post
Canada Building Permits Decline 2.5% in June – Ottawa Citizen
Calgary housing prices should remain stable – CBC
Bank of Canada’s Carney says housing market starting to cool – Reuters
July 2012 Housing Starts – CMHC
My biggest home-buying regret – Toronto Star
First-time homebuyers wish they had a second chance: report – Vancouver Sun
When one home isn’t enough – Financial Post
Financial News:
CIBC to acquire Sun Life Financial unit – CBC
Canada’s unemployment rate rises in disappointing July – Toronto Star
Barclays downgrades BMO, RBC and CIBC – Reuters
Sale of ING – Who are in? – CMA
Canada’s economy unexpectedly lost 30,400 jobs in July – Reuters
Other News:
Canada’s Carney says not a candidate for BoE governor job – Reuters
Tips on evaluating reverse mortgages – AP
Lowe’s offers to buy Canada’s Rona for C$1.8 billion – Reuters
Thanks for reading. Have a good weekend.
