Canadian Mortgage News Daily — June 1, 2021

READER NOTE: Starting next week, the Spy will replace the Canadian Mortgage News Daily with a new more value-added bi-weekly report.

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

Here’s a daily helping of fresh Canadian mortgage news:

• Can the BoC Manage Inflation Expectations? (RATESDOTCA)

• Three Cities Have Exuberant Home Prices: BoC (RATESDOTCA)

• Government’s mortgage policy will hurt lower-income Canadians even more (Ottawa Citizen)

• New stress test level makes it harder to qualify for a mortgage in Canada (CBC News)

• Hoping for higher interest rates, to tame home prices? Be careful (Edmonton Sun)

• Is it a good idea to sell your house and start renting? (Edmonton Sun)

• Canada Is Running Out of Land. It Does That Every Few Years (Better Dwelling)

• Frugal Canadians diligently cut non-mortgage debt even as household net worth climbs to $12.8 trillion (Financial Post – Subscription)

• Profit sweep for Big Six as Scotia beats in Q2 as credit improves (BNN Bloomberg)

• What do Canadians want from mortgage brokers? (Mortgage Broker News)

• Exports, housing bolster Canada’s economy in face of lockdowns (BNN Bloomberg)

• OECD raises outlook for Canadian economic growth this year (CTV News)

• Land speculation shifts from residential to commercial (Business in Vancouver)

Latest Mortgage Rate Outlook

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