Canadian Mortgage News Daily — May 6, 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 mortgage news is now at → RATESDOTCA.

• CMHC’s Market Share Waterfall (RATESDOTCA)

• Opinion: Equitable Bank’s nesto Gamble (Canadian Mortgage Trends)

• Canadian home prices, sales to moderate but remain high, agency says (Financial Post – Subscription)

• Canadian Real Estate Is Past Peak Momentum, Says Big Six Bank Economist (Better Dwelling)

• How to douse Canada’s housing mania when you can’t raise interest rates (Globe & Mail – Subscription)
  • Make the stress test harder they say, without any analysis of spillover effects.

• Housing Market: Will the Proposed Mortgage Change Slow Down the Housing Market? (The Motley Fool)

• Has the pandemic affected Canadians’ monthly mortgage payments? (Mortgage Broker News)

• You got turned down for a mortgage? Here’s what to do (National Post)

• Here’s how much an extra $100,000 worth of house is really going to cost you (Financial Post – Subscription)
  • “Double-digit real estate price growth and low single-digit wage growth cannot happen forever unless interest rates go negative or millions of millionaires from other parts of the world move to Canada.”—Jason Heath

• BC Real Estate Association projects 2022 home sales pullback (City News)

• B.C. housing market shows “fading momentum” but 2021 sales may still shatter historic 2016 record (The Georgia Straight)

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