Mortgage News:
How low rates have changed us – National Post
Brokers want more course providers – CMP
RBC sees slower Canadian mortgage growth – Reuters
Canada Economic Growth: RBC Predicts Pick-Up This Year, Rate Hikes In 2013 – Huffington Post
When it comes to debt, unemployment is the big risk – Globe and Mail
Canadian commercial lending hits 3-year high: PayNet – Reuters
Jill Vardy, chief of communications, Bank of Canada taught Financial Post a lesson on Dead Money – FP
In Canada, legacy of Lehman’s collapse lives on in ultra-low interest rates – Globe and Mail
Fed move has immediate impact in Canada – Metro News
Student debt: Would lower interest rates help? – FP
Real-Estate News:
Rent-to-own a home: Beware the risks – Toronto Star
Doors shutting on first-time home buyers – Globe and Mail
Average Real Estate Prices in Canada – visual.ly
Canadian housing: There’s an obvious oversupply problem in Vancouver – Macleans
Canadian dollar at 13-month high ahead of expected Fed word on stimulus – Edmonton Journal
Realtors cry foul over MLS criticism – CMP
Toronto projects fuel August housing starts – Globe and Mail
Canada’s new home prices cool, while Toronto flatlines – FP
Why it’s better to rent than buy – FP
Some clauses in apartment leases aren’t legal – Toronto Star
Financial News:
TD asks Canadians to Redefine Retirement – TD
Canada’s economy continues to expand as global growth risks wane slightly: – RBC Economics
Canadians onside with CGA-Canada’s agenda to simplify tax system – CGA
Capital Adequacy Assessment Process – OSFI
Is household debt threatening Canada’s economy? – Globe and Mail
High home prices skewing inflation readings: – C.D. Howe
Canadians remain focused on reducing debt, meeting financial goals amid global economic uncertainty – ING survey
Banks must curb profit drive: Barclays boss – Reuters
RBC on brink of first SEC-registered covered bond – IFR
BMO’s take on Royal Bank’s first public US$ covered bond offering – National Post
Other News:
No competition please, we’re Canadian – National Post
Tuition fees rising faster than incomes and inflation, report warns – Globe and Mail
US housing market best in almost 40 years for Canadian buyers: Sherry Cooper – National Post
Fed announces new mortgage bond-buying plan, keeps interest rates low – Washington Post
Buying A Home Is 45% Cheaper than Renting – Forbes
Home Depot’s do-it-yourself model fails in China’s do-it-for-me market – Reuters
America’s well-to-do get mortgage help from Uncle Sam – FP
Quote of the week
“Most fundamentally, higher commodity prices are unambiguously good for Canada. The strength of Canada’s resource sector is a reflection of success, not a harbinger of failure.”
Carney via — BOC.
Thanks for reading. Have a good weekend.
