log in
.
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.
- Meet the Purchase Plus Improvements Mortgage (RATESDOTCA)
- The number of homebuyers who take advantage of this option is much less than it would be if more people understood it.
- Is a stress test hike for insured mortgages on the way? (Mortgage Broker News)
- Industry leaders we chat with almost unanimously predict yes.
- Why the First-Time Home Buyer Incentive is struggling to gain traction (The Globe & Mail – Subscription)
- “I can’t think of a circumstance where I would recommend that Canadians choose [the First Time Home Buyer Incentive],” says a broker in this story, which suggests he doesn’t understand it.
Hey, we’re not fans of this costly homebuyer subsidy either but we should all admit that it makes clear sense for some. More: First-Time Home Buyer Incentive an Enigma
- “I can’t think of a circumstance where I would recommend that Canadians choose [the First Time Home Buyer Incentive],” says a broker in this story, which suggests he doesn’t understand it.
- Prices may be rising, but here’s why Stephen Poloz isn’t too concerned about it (Financial Post – Subscription)
- Canadian consumer insolvencies surge 22.8 per cent in March (BNN Bloomberg)
- Buyers stung by fierce competition exit the market (The Globe & Mail – Subscription)
- Extrapolative home price expectations are a powerful thing, both on the upside and downside.
- Red-hot and rural: Canadian towns grapple with big-city-like real estate boom (Financial Post – Subscription)
- Only Canada’s Top 5% of Households Could Qualify For A Mortgage On A Home: NBC (Better Dwelling)
- Just when you thought a $100,000 income meant you were doing well…
- Estimating the Structural Housing Shortage in Canada: Are We 100 Thousand or Nearly 2 Million Units Short? (Scotiabank research note)
- Scotia’s hashtag for Ottawa: #It’sSupplyStupid
- The backlog of debt put off by pandemic aid is catching up with Canadians (Financial Post – Subscription)
- Explaining Canada’s housing market ‘madness’ (Advisor’s Edge)
- Tal: “You are 35 years old, you are married, you have two kids, and you are renting? Nothing is wrong with you!”
- Saving for a home in Canada can take decades — here are five ways to do it faster (National Post)
- “Warning: The overriding theme here is ‘sacrifice,'”—author
- Predicting market cycles: How to be less wrong (Real Estate News EXchange)
- Gusak: “…being right about a correction but calling it too early is the same thing as being wrong.”
- B.C. Real Estate Association reports market “calming” with sales, average prices going “down slightly” (The Georgia Straight)
- “Calming.” One of those delightful industry euphemisms, sort of like writing “cozy” on a 300 square foot condo listing.
- Why Canada needs to focus on ways to encourage more home building (The Globe & Mail – Subscription)
Latest Mortgage Rate Outlook
More Canadian Mortgage News
