HELOC Loan to value ratios are being cut down by major banks to comply with OSFIs 65% mark.
Some recent reports are saying that the Canadian housing prices are going down.
Bond prices are falling and as an aftermath mortgage rates started to go up. Some lenders decided to cut brokers commissions to make-up for the loss in spread. It was a mixed week overall.
Mortgage News:
Equitable Trust sees originations spike – CMP
CHIP reverse mortgage Q2 originations went down by 18% –
Take your mortgage elsewhere, RBC tells customer – Toronto Star
Credit unions escape new mortage rules – Financial Post
Industrial Alliance shares rise after sale of U.S. annuity business – Financial Post
Canada Housing Trust Raises C$4.65 Bln from Debt Issues – WSJ
Reopening of Canada Housing Trust™ No. 1 Series 47 Notes at AAA – DBRS
New Issue- Canada Housing Trust No.1 prices dual tranche deal – Reuters
Second mortgages step back into spotlight – CMP
Efforts to cool housing market curb bond sales – The Province
Mortgage matters: Pre-approval versus pre-qualified – Vancouver Sun
Save up for a down payment? The young adult’s struggle – Globe and Mail
Real-Estate News:
Suite deal: Hiding your renters costs other home owners – Canada.com
Myth: If something happens, it will be covered by the landlord’s policy – TD
Canadian Housing Market to Moderate – CMHC
Sales of houses, condos expected to slow – Toronto Star
Housing Demand Set to Moderate After Growing in Early 2012 – CMHC
Housing market crash not in cards for Canada: CMHC – Financial Post
CMHC forecasts slowdown in housing market – Globe and Mail
CMHC gives rosy housing forecast – Kamloops Daily News
Canadian housing market continues to lose steam – Macleans
Home ownership in Canada reaching new heights – Financial Post
Canadian home sales hold steady in July – CREA
Canada home sales moderate in July – Reuters
Canadian home prices falling steadily – Ottawa Citizen
How to avoid home buyers’ regret – Financial Post
Mid-month GTA home sales represented a dip of 7.6% – TREB
Canadian home prices drop 2% in July, sales steady: CREA – Toronto Star
When renting is an appetizing option – Globe and Mail – Considering age, expense and net earning – there is a gap in total savings reported.
Financial News:
Almost half of Canadians say their household has no money set aside for emergencies – CIBC Poll
Keep a Strong Credit Rating to Avoid Your Own Debt Downgrade – BMO
Back to school: Let the borrowing begin – Financial Post
Debt in retirement: It works for some – Financial Post
Moody’s renews Canada’s triple-A rating – Globe and Mail
Canadian inflation rate falls to 1.3 per cent in July – Toronto Star
Student debt biggest stress, BMO poll finds – CBC
Other News:
U.S. mortgage, credit card delinquency rates fall – TransUnion
Multicultural Canada? There’s a banking job for that – Globe and Mail
Ontario Public Service Bonuses To Be Reviewed, Dalton McGuinty Says – Huffington Post
Study: Companies paid more to CEOs than in US tax – AP
Still no escape for taxpayers if banks go bust – Reuters
Thanks for reading. Have a good weekend.
