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.
- Rebounding Economy Likely Means Rate Hikes Sooner Than Expected (RATESDOTCA)
- The latest from Canada’s econo-seers…
- Higher loonie won’t stop housing-led economic growth: FX strategist (BNN Bloomberg – Subscription)
- Wouldn’t it be dandy if the word “housing” in this headline could be replaced with something non-housing?
- The Bank of Canada might have to tighten its messaging to allay worries about inflation (Financial Post – Subscription)
- Here’s why the state of mortgage lending isn’t precarious despite fear mongering about housing markets (Financial Post – Subscription)
- Fun stat: Mortgages from private lenders and mortgage investment corporations (MICs) default 7.6 times more often than bank mortgages.
- EQ Bank’s new Mortgage Marketplace revolutionizes mortgage shopping with a smarter, digital-first approach (Newswire)
- A bank that relies on mortgage brokers for distribution effectively chooses one mortgage broker over all others. We’ll cover this story more tomorrow as it has interesting implications.
- Canada’s housing market is hurting your brain, but you don’t have to lose your head over it (Globe & Mail – Subscription)
- FOMO gets all the coverage but what about FOSTE (Fear of selling too early)? How many people are in therapy because of that?
- Escalation clauses can raise the stakes in an already frenzied real estate bidding process (Globe & Mail – Subscription)
- Bold action needed for housing policy (Toronto Sun)
- Skipping the starter home for the next size up? Be financially savvy about it (Toronto Star)
- Why not cut back to one meal a day and afford another $100,000 on that mortgage!?
- Rural rush — the real housing bubble is in Ontario’s cottage country (Financial Post – Subscription)
- Some lenders are starting to worry about cottage country resale liquidity.
- Wagons east: Meet the homeowners driving a real-estate exodus to Atlantic Canada (Globe & Mail – Subscription)
- The days of plentiful Nova Scotia lots on the ocean for under $200,000 are numbered.
- Don’t expect the pandemic’s dramatic remote-work shift to be permanent (Globe & Mail – Subscription)
- It’s most definitely permanent for at least a small minority.