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Canadian Mortgage News Daily — May 31, 2021

Daily news buttletin

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents).

Reader note: RateSpy’s breaking mortgage news is now at → RATESDOTCA.

  • Moderation may be on the way in T.O. real estate boom (Toronto Sun)
    • Buyers get more sensitive to overpaying near tops. We’re approaching the kind of market where homes with above-average “days on market” really start to stand out, making sellers anxious. Anecdotally, the realtors we speak with suggest that price concessions may happen more frequently this summer—in all but the hottest markets—as sales-to-listing ratios drop.

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