Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Mortgage News:

 

  • Client uses Twitter to challenge TD mortgage – Mortgage Broker News
  • Mortgage RRSPs remain a ‘niche product’ for investors – Globe and Mail
  • Based on BMO, Canada Mortgage Lending Still Looks Healthy – WSJ
  • Canadians heading into retirement owing money on homes – Financial Post
  • Equitable Trust May Become Equitable Bank – CMT
  • CMHC Foreclosures Rule Change Raises Suspicions About Mortgage Insurer’s Motives – Huffington Post
  • ‘We don’t want … low-ball offers’: CMHC firm on not disclosing foreclosure information – Financial Post
  • C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent – source
  • Ottawa gives social housing operators more flexibility to re-finance – The Province
  • When to Refinance Your Mortgage – Ratehub

 

Real-Estate News:

 

  • There’s scant evidence behind the myth about foreign buyers of Vancouver real estate – Globe and Mail
  • How far should agents go to sell a house? – Financial Post
  • Housing Starts Lower in 2013, Increasing Modestly in 2014 – CMHC
  • Canada’s housing affordability improves in 4th quarter- RBC – Reuters
  • Strong demand for homes near public transit continues – Vancouver Sun
  • Buying and Selling Canadian Property: An Overview for Non-Residents – BCREA
  • Canada’s housing affordability slightly improves for the second consecutive quarter – RBC Economics
  • BMO says housing costs manageable – Star Phoenix
  • Most Baby Boomers have no intention of downsizing, according to – Royal LePage national survey
  • GTA still a tale of two markets – BILD
  • Toronto new home sales drop nearly 35% from year ago in January – Financial Post
  • Canadians are buying $19.8-billion of residential real estate in US – Financial Post
  • Are disclosure rules fair on homes that were grow-ops? – Montreal Gazette
  • Toronto’s mid-rise condo boom will help save main streets like Avenue Road: Mallick – Toronto Star

 

Financial News:

 

  • Will Scotiabank change what ING offers its customers? – Toronto Star
  • Carney calls for banks to focus on ethics – Toronto Star
  • Many Canadians believe they will run out of money 10 years into retirement, poll finds – Financial Post
  • Visa Canada finds younger Canadians taking risks with their financial information – CNW
  • Canadians can be savers again – if we recall how – Globe and Mail
  • Is it time to pay bankers in mortgage bonds? – Financial Post
  • Canada’s banking sector protections under attack in EU trade talks, document shows – Financial Post
  • No sign of consumer debt crunch as banks report blowout quarter – Financial Post
  • BMO Financial Group Reports Strong Net Income for the First Quarter of 2013 – CNW – Net income of $1,048 million, down 5%; adjusted net income(1) of $1,041 million, up 7%
  • CIBC profit dips 4.4% in first quarter – Globe and Mail
  • TD Bank – Adjusted earnings for the quarter were $1.9 billion, up 9% from a year ago – Source
  • RBC – reported net income of $2,070 million for the first quarter ended January 31, 2013, up $215 million or 12% from the prior year, and up $159 million or 8% from the prior quarter – Source
  • Little mystery to banks’ record profits – National Post
  • Canada expresses frustration over latest U.S. crisis – Reuters

 

Thanks for reading. Have a good weekend.


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