Mortgage rates started to move up last week. It is very interesting to watch – how media has so much influence to bring changes. Few comments made by few people can shift fundamentals.
Mortgage News:
RBC Royal Bank changes residential mortgage rates – CNW
TD Canada Trust changes residential mortgage rates – CNW
RBC boosts mortgage rates – Globe and Mail
RBC raises mortgage rates – Financial Post
Royal Bank hikes mortgage rates – CBC
RBC’s two mortgage rates rise – Vancouver Sun
TD Canada Trust joins RBC in raising 3-yr mortgage rate by one-fifth of a point – Canadian Business
CIBC shies away from consumer lending – Financial Post
Credit unions to go national – CB
Real-Estate News:
Drop in listings points to calmer Canadian housing market – Globe and Mail
Buy now, or keep saving? – TD
Canada’s housing market frothy, but not a bubble – Marketwatch
To avoid home-buyers’ regret, do your homework – Globe and Mail
Moving is stressful. Make sure it’s not also a huge financial painGlobe and Mail
Why Canadian homeowners are likely just as vulnerable as Americans were – Macleans
Demographics will take edge off housing downturn: CIBC – Financial Post
10 worst home upgrades for resale – Your Money
Immigrants, young buyers to buoy home sales, CIBC says – CBC
What’s the rush, first-time buyers? Now’s the time to rent – Globe and Mail
Buying and Selling Canadian Property: An Overview for Non-Residents – BCREA
How to avoid home closing day anxiety – Toronto Star
Fears of steep home price decline ‘much ado about nothing,’ CIBC says – Toronto Star
Canada Housing Market: Bubble Could Be Poised To Burst, According To Report – Huffington Post
Coping with the ever-shrinking condo – Toronto Star
Financial News:
Most students expect to graduate more than $20,000 in debt – Globe and Mail
Canadian employees to see average salary increase of 2.9 per cent in 2013 – Hay Group
Don’t look to Carney if you want a lower dollar – Globe and Mail
6 credit cards for students – Toronto Star
Bank of Canada’s Mark Carney apologizes for way removal of Asian woman on $100 bill was handled – Financial Post
Canadian banks to face rising headwinds: Fitch – Financial Post
How to avoid the ‘Freshman 15′ years of student debt – TD
What investors should do now as bond prices fall – Globe and Mail
Students Stressing More Over Finances than Academics – BMO
Canada Deposit Insurance Corporation Releases Its 2012 Annual Report – CDIC
The borrowing binge: Consumer debt hits eight-year high – Globe and Mail
Personal Debt Levels Shifting Back to Growth Mode – TransUnion
RBC flouted customer data sharing rules, brokers allege – Globe and Mail
Canada’s banks want to tame watchdog’s bite – Globe and Mail
Economic rot spreads from Beijing to Berlin – National Post
Retail sales drop unexpectedly – Vancouver Sun
Other News:
Tight credit is throttling consumer spending, U.S. Fed says – Reuters
Child-free labour trumps cheap bargain choices for Canadian consumersIpsos Reid poll
Thanks for reading. Have a good weekend.
