Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents).
Reader note: RateSpy’s mortgage news is now at → RATESDOTCA.
- Update on Pre-Approvals and the Stress Test (RATESDOTCA)
- Housing markets self-corrected in April, but they could get hotter as summer approaches (Financial Post – Subscription)
- Frustrated homebuyers, renting is not a ‘financial coffin’ (The Globe & Mail)
- Shannon Lee Simmons says: “Save for a down payment in a tax-free savings account and then withdraw $35,000 to contribute to a registered retirement savings plan…at least 90 days ahead of buying a home; withdraw the $35,000 from the RRSP under the federal Home Buyers’ Plan and get a hefty tax refund as a result of the initial RRSP contribution.”
- It pays to shop around (Toronto Sun)
- Sure, but it’s unclear how the stats in this story support the conclusion that “half of Canadians do not shop around for their mortgages.”
- New mortgage or refinance? (Castanet)
- Nova Scotia’s real estate market continues its skyward ascent (National Post)
- One-third of Quebec homeowners are thinking about moving to the country: poll (Montreal Gazette)
- Time to start a septic business?
- What’s driving the Quebec housing market? (Mortgage Broker News)