Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
Call Us: 416-930-1225

Mortgage News:

  • Broker raises red flag on collateral mortgage abuse – CMP
  • Stated income just as good as T4: experts – Financial Post
  • Mortgage affordability depends on how rate hikes come in – Financial Post
  • Collateral mortgages: Why banks like them – Toronto Star
  • Breaking your mortgage? Know the rules – Toronto Star
  • BMO soldiers on with sub-3% mortgage rate – Financial Post
  • Banks can absorb hit to housing market: Ed Clark – Financial Post
  • Onus for mortgage regulation on banks, not Ottawa: Scotiabank CEO – Globe and Mail
  • Why the federal budget said nothing about mortgages – Maclean
  • Canada Guaranty mortgage insurance now available through Scotiabank – Canada Guaranty
  • Thousands of agents walk away from industry – CMP
  • Regulator calls on bank boards to tighten lending policies – Globe and Mail
  • Flaherty says up to banks to “fix” mortgage market – Reuters
  • Some banks ignoring mortgage rules, regulator says – Ottawa Citizen
  • Canadians think the low mortgage rates are here to stay—and aren’t planning – Macleans
  • Use mortgage renewal to pay down debt – Globe and Mail
  • Real-estate News:

  • Overwhelming majority of Canadians still confident in homeownership and see market shifting in favour of sellers – RBC
  • First-time homebuyers will drive the housing market – Genworth
  • More Canadians holding off home purchase, despite low rates – CMP
  • Scotiabank CEO cautious, not pessimistic, on housing – Reuters
  • Canada Will Manage Through Housing Problems, Scotiabank Says – Bloomberg
  • Canada Boosts Housing Oversight as Banks Warn on Economy – Bloomberg
  • Homebuying Step By Step – CMHC
  • The average selling price in the GTA was up by 10.5% in comparison to March 2011TREB
  • Toronto’s condo boom continues after record 2011 – Toronto Star
  • Most Canadians plan no home buying in next 2 years: RBC – Reuters
  • Bidding war for a home on a busy Toronto street – Globe and Mail
  • Unprecedented ‘mortgage sale’ and consumer confidence fuel real estate prices in first quarter 2012 – Royal LePage
  • Financial News:

  • Carney fires back at bankers, says Ottawa didn’t pause when they needed rescue – Canadian Business
  • Video: The future of Canadian banks – Globe and Mail
  • Royal Bank of Canada has been accused of a wash-trading scheme by a US regulator. – Globe and Mail
  • US Economy Enters Sweet Spot as China Slows – Bloomberg
  • RBC vigorously rejects CFTC allegations as unwarranted – RBC
  • Canadian regulators play catch-up on US RBC charges – Globe and Mail
  • Consumer Credit Reaches Record Levels – Cause for Concern, Not Panic: – C.D. Howe Institute
  • Bank of Canada’s Carney rejects pause in reforms – Reuters
  • Canada’s job gains blow past forecasts – Ottawa Citizen
  • The big question: What to pay first? – Montreal Gazette
  • Job Numbers Show Economic Momentum – BMO
  • Other News:

  • Best Buy May Be Cut to Junk at S&P Amid Small-Store Shift – Bloomberg
  • Firm dropped by Visa says under 1.5 million card numbers stolen – Reuters
  • Spain’s debt to jump to 78 percent of GDP: De Guindos – Reuters
  • Could Colleen Johnston be TD’s next chief exec? – National Post
  • Time is Now for the Ontario Government to Ban Credit Scoring to Protect Consumers – Insurance Brokers Association Of Ontario
  • Disappointing March jobs report sends futures lower – Reuters, US.
  • Quote of the week:

    It’s up to the banks themselves – not government or regulators – to manage our risks and advise our customers appropriately.

    by Rick Waugh via — Globe and Mail.

    Thanks for reading. Have a good weekend.