Weekly Dose of Vitamin – M (118th edition)

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

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

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.

Tagged with: Mortgage News, Weekly
Posted in Mortgage News