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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 bond buying this week as economic outlook improves (The Globe & Mail: Subscribers)
- The long-awaited taper (reduction) in government bond-buying could be announced tomorrow. Expected impact on mortgage rates: Minimal.
- TransUnion: Canadians continue to focus on mortgage payments over other bills (Mortgage Broker News)
- Booming real estate market has many retirees looking to sell sooner than expected (CTV News)
- And a 31.6% average year-over-year price gain has many non-retirees looking to cash in, to boot.
- Mortgage growth eases in February: StatsCan (Advisor.ca)
- The scorching real estate market has resulted in buyers sacrificing home buying rights (CTV News)
- Waiving a home inspection should give buyers the heebie jeebies. We’ve heard of some buyers bringing a home inspector with them on showings if they anticipate a bidding war.
- RBC Economics suggests clipping buying power only hope to cool down housing market amid short supply (The Georgia Straight)
- Hogue is presumably not impressed with today’s federal budget.
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