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.
- Refis Get Harder in 18 Days (RATESDOTCA)
- Bank of Canada says complete recovery needed to withdraw support (BNN Bloomberg)
- Don’t expect rate hikes till we regain “about 700,000 jobs,” Macklem suggests. Well, if Canada re-opens this summer and February and March are any guide, we may see that 700,000 jobs deficit made up by this time next year, possibly even by year-end.
- Increasing Number of Canadians Anxious About Missing Out on Their First Home Due to an Insufficient Down Payment (Cision)
- Bank of Canada charts path toward real estate crash (Niagara Falls Review)
- The financing delay headache [in Quebec] (Mortgage Broker News)
- CAIRP on Canada’s rising insolvency rate (Mortgage Broker News)
- What to do with your haul if you sell your house and rent (The Globe & Mail – Subscription)
- Home Capital keeps tighter standards on loans despite profit surge (The Globe & Mail – Subscription)
- The U.S. housing market is hot — but Canada’s is even hotter (Financial Post – Subscription)
- $1 million over asking: House prices in rising tide all over Vancouver Island (National Post)
- To oceanfront buyers on Van Isle: Don’t forget, flood and earthquake insurance doesn’t cover tsunami damage!