Mortgage News:
How to buy a house when your credit rating’s been trashed – Globe and Mail
As Canadians pile on debt, Carney says ready to act in worst-case scenario – Financial Post
Bank of Canada may drop rate guidance – National Post
C$ hits one-week low after Bank of Canada speech – Reuters
Breaking news: Scotia cuts compensation – CMP
Analysis – Canada house appraisal tool seen skewing values – Reuters
CMHC Response to Reuters – CMHC
Canadian Dollar Falls as Carney Douses Rate-Increase Speculation – Bloomberg
As price pressures ease, need for interest rate hikes vanish, say economists – Winnipeg Free Press
Real-Estate News:
Canada housing market cools as household debt grows – Reuters
Mike Holmes, host of new HGTV series, has advice for Canadian home buyers – Vancouver Sun
Canadian home sales remain at lower levels in September – CREA
The number of transactions was down by 10.5% compared to the same period in 2011 – GTA Mid Oct resale – TREB
Vancouver real estate numbers drag down national average – Vancouver Sun
Small investors discover commercial real estate – Toronto Star
Canadian housing sales revive somewhat, CREA reports – Montreal Gazette
As condo sales slide, 3 projects test market – Toronto Star
Housing market responding to buyers – Calgary Herald
Canada has done enough to cool housing market-Flaherty – Reuters
Financial News:
Policy-makers Tackling High Levels of Global Uncertainty – Mark Carney
TSX bounces back to end higher as financials rise – Reuters
Canadians’ debt soars into danger zone – Globe and Mail
Households continue to take on debt: the Bank of Canada must remain vigilant – Desjardins
Canadian household debt surpasses levels foreshadowing US housing bust – Globe and Mail
Banks Sued by US Homeowners Over Rigging of Libor Benchmark – Businessweek
More Canadians debt-free, apart from mortgage: RBC pollOttawa Citizen
Canadian household debt hits new high – CBC
Tougher oversight needed for Canadian version of Libor: IIROC – Financial Post
Other News:
Citi CEO Pandit exits abruptly after board clash – Reuters
Bank of Scotland fined $6.8 million for mortgage errors – Reuters
Quote of the week
We’ve done enough, (to slow housing market and prevent a crash) I do not intend to do any more,
Jim Flaherty via — Reuters.
Thanks for reading. Have a good weekend.
