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 of Fed and ECB (BNN Bloomberg)
- In the era of modern monetary policy (the last three decades) we’ve had seven rate hike cycles. The Bank of Canada led the Fed in two of them.
- More supply needed to ease housing price crunch…Freeland says (The Canadian Press)
- You don’t say!
- 5 tips for protecting yourself against higher rates (BNN Bloomberg)
- Savvy risk-tolerant investors don’t always worry about *protecting* themselves. They exploit higher rates by locking in long-term debt at cycle lows to invest in things that go up when rates go up.
- Housing shock could upend Canadian asset values: Wolf (BNN Bloomberg)
- How many times has someone said Canada is becoming dangerously reliant on housing? But this time is for real, right?
- Toronto’s condo market springs to life with 80% jump in sales (BNN Bloomberg)
- Condo refinancers rejoice.
- Laurentian Bank gets CMHC greenlight for $2 billion bond program (Mortgage Broker News)
- Maybe we’ll get lucky and its B2B Bank arm will now post competitive prime uninsured rates.
- Annual Inflation Jumps to 2.2% In March (the deep dive)
- 3%+ or bust.