Canadian Mortgage News Daily — May 28, 2021

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Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents).

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

• Rate Hikes Are Likely Coming, But Then What? (RATESDOTCA)

• Mortgage refinancing cooling from COVID highs: TD (Toronto.com)

• Canadian Mortgage Rates Forecast To Rise Even Before BoC Hike: Desjardins (Better Dwelling)

• ‘Excess exuberance’ in housing harks back to the market frenzy of the 1990s (Financial Post – Subscription)

• Canada’s unstoppable real estate market (Mortgage Broker News)

• Want to cool the housing market? Raise property taxes (The Globe & Mail – Subscription)

• Canadian Banks Signal Covid All-Clear Earlier Than Expected (Regina Leader-Post)

• National Bank gets lift from Quebec-focused personal unit (BNN Bloomberg)

• Four hedges to shield your finances from inflation (BNN Bloomberg)

• Owning a cottage is becoming a pipe dream, even for Canada’s wealthy (Financial Post – Subscription)

• Crowdfunded real estate growing, but remember to research before investing: experts (Toronto Star)

• Pandemic’s uneven effects make 2030 goal of attainable housing harder, CMHC head says (BNN Bloomberg)

• GTA is facing a tricky  question: can housing become affordable again? (Newmarket Today)

• Vancouver realtor’s advice on ‘how to avoid foreign-buyers tax’ points to larger problem (Vancouver Sun)

• Following Record Volumes in 2020, M3 & DLC Groups Set Sights on 2021 (Canadian Mortgage Trends)

• Budget watchdog says rate hike in 2022 will dampen impact of Canada’s stimulus plan (Financial Post – Subscription)

• Global housing prices rise amid pandemic: BIS (Advisor’s Edge)

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