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. . How Not to Lose Money in Mortgages (RATESDOTCA) Outsmarting the bond market isn’t as easy as some mortgage pundits would have you believe. Amid hot housing market, stretched borrowers may be stretching the...

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. New First Time Home Buyer Incentive On Deck (RATESDOTCA) Proposed mortgage rule change likely to sow more anxiety than cool prices (Edmonton Journal) A similar change to insured mortgages would pack a bigger punch. And industry execs we...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Home Prices Off the Rails (RATESDOTCA) Global home price boom has central banks facing an inflation conundrum (Financial Post) Whether reflected in price indices or not, soaring home values create price pressures elsewhere in the economy. Inflation forces the Bank of Canada’s hand ahead...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Could Homeowners Staying Put Add Pressure to Home Prices? (RATESDOTCA) Posthaste: Why Canadians should brace for higher mortgage rates sooner than expected (Regina Leader-Post) Actually it was a good time to start thinking about fixed rates (for those suited to fixed) 2 to 4+...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Surprise! Bank of Canada Now Sees Rate Hikes as Early as Next Year (RATESDOTCA) The Bank’s forward guidance loses some credibility. 5-year Fixed Mortgage Rates Drop … Slightly (RATESDOTCA) “Good Grief” Mr Macklem (Agility Forex) “…the BoC may be the first G-10 central bank...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): 5-year fixed mortgage rates drop … slightly (RATESDOTCA) Federal budget 2021: Ottawa plans vacant home tax to dissuade foreign speculators, along with billions for affordable housing (The Globe & Mail – Subscription) A 1% tax is supposed to dissuade foreign buyers looking for safe offshore...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Federal Budget a Snoozer for Housing (RATESDOTCA) The feds tried hard not to upset the apple cart with today’s budget. Are Mortgages with 35-year Amortizations Worth it? (RATESDOTCA) Yes indeed, 35-year ams still exist in Canada. Bank of Canada expected to slow pace of...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Canadian Reverse Mortgage Rates Drop to Record Low (RATESDOTCA) Upfront rates are one thing. Renewal rates are another. BMO chief economist says “fiery demand” sets Canadian housing market into a “towering inferno” (The Georgia Straight) Sure Porter, upstage our nuclear meltdown metaphor with a...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): Meltdown Risk Growing for Canadian Housing (RATESDOTCA) Average price of Canadian home rising at fastest annual pace ever, now up to $716,828 (CBC News) Why Canadians aren’t interested in negative interest rates (Financial Post) 3 in 4 don’t want negative rates, says BoC. Now...

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents): How higher rates affect your mortgage renewal (RATESDOTCA) There’s a fair chance that many who got record-low 5-year fixed rates in the last 9 months will see their payments rise at maturity. They’re renewing a mortgage – should they go fixed or variable? (The...