Mortgage News:
Flaherty on home sales dive: ‘I don’t mind prices coming down a bit, too’ – Globe and Mail
Flaherty broke conflict-of-interest rules: Ethics commissioner – Toronto Star
First National Financial Corporation announces January dividend payment – First National
ING decided to leave broker channel – CMA
First income trusts, now housing? Careful, Mr. Flaherty – Globe and Mail
Banks see more evidence of slowing mortgage growth – National Post
Bank letter informs Saint John man he’s ‘dead’ – CBC
National Bank adjusts its mortgage rates – National Bank
Understanding the tax implications of co-signing a child’s mortgage – Financial Post
Canada Guaranty’s Special Deal With RBC – Canadian Mortgage Trends
CIBC Mortgage Penalty Class Action: Update – CMT
Real-Estate News:
Home sales plunge, market ‘clearly in correction mode’ – Globe and Mail
Canadian home sales little changed in December – CREA
Canadian home sales slump in double-digit drop year over year – National Post
Correction continues to grip Canadian home sales – Vancouver Sun
Housing market : Prices steady, but sales down 17% – Toronto Star
Jim Flaherty and Canada’s softening housing market – Globe and Mail
For clues to Canada’s housing future, look to Australia – Globe and Mail
Condo sales have cooled in Toronto’s cautious housing market – Globe and Mail
The New Year started off on a positive note with residential sales slightly above last year’s levels – TREB
Toronto home prices up 4% in January – Toronto Star
Who’s losing in the housing slump? Real estate agents – Financial Post
What will spring bring for Toronto real estate? – Globe and Mail
More young Americans leaving the parental nest, boosting housing recovery – Financial Post
This woman’s $46,000 home buying mistake – The Star
Whistler real estate: a bargain? – Globe and Mail
Financial News:
Call A Credit Card What it is: A Debt Card – Hoyes & Michalos
Inflation expectations were unchanged and are concentrated within the Bank’s inflation-control range – Business Outlook Survey (BoC)
Competition among lending institutions and from capital markets continue – Senior Loan Officer Survey (BoC)
Most retired Canadians are loving it – but worry the money won’t last – Globe and Mail
Q4 2012: Canadian consumer spending continued to grow – Moneris
Canada’s dirty economic secret: we’re as indebted as the rest of you – Guardian
Affordabilty still a key barrier to Canadians’ investment planning – Scotiabank
Why Grandma Owes More on Her Credit Cards Than You Do – Huffington Post
Canadian banks rank as country’s most valuable brands: Brand Finance – Winnipeg Free Press
Drowning in debt? Tips for curing the January financial blues – Globe and Mail
Canadians dream of early retirement but few are taking steps to achieve it – ING
Canadians not keeping track of their discretionary spending – Edward Jones
Rise of the REITs: Investors can’t get enough of them – National Post
Fed official alleges Geithner may have alerted banks to rate cut – Reuters
Other News:
Genworth separates U.S. MI unit, reduces bond default risk – Reuters
US Homebuilder’s Continue Rally as Home Prices Surge 7.4% NovemberMarketwire
U.S. business executives call for raising retirement age to 70 – Reuters
U.S. Homebuilders Carry Strong Momentum Into New Year – BMO
Why savvy, wealthy investors ignore market forecasts – Financial Post
Canada finance minister apologizes after reprimand for lobbying – Reuters
Thanks for reading. Have a good weekend.
