Canadian Mortgage News Daily — April 27, 2021

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.

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• 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 truth to get loans (Financial Post – Subscription)
  • When the industry and authorities refuse to make examples of shady borrowers, we get more shady borrowers.

• When will the real estate bubble burst? It won’t, says veteran real estate appraiser (CBC News)

• Housing is keeping Canada’s economy going and that’s bad news when the bubble pops (Financial Post – Subscription)
  • Prozac, Zoloft and Paxil sales must go up after Rosie publishes his columns.

• How prevalent has the “urban exodus” become among first-time buyers? (Mortgage Broker News)

• Making housing more affordable requires action from all government levels (Toronto Sun)
  • The cats must be herded.

• Canadians investing in their homes (Toronto Sun)
  • 50% of renos stem from the desire to age more comfortably at home: poll.

• Mortgages going sideways (The Mortgage Gal)
  • Purchase conditions exist for a reason…because purchases fall apart.

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