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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.
- First-Time Home Buyer Incentive, an Enigma (RATESDOTCA)
- Canada’s Finance Minister picked a curious time to stimulate housing demand.
- Why inflation numbers fail to capture Canada’s red-hot housing market (The Globe & Mail – Subscription)
- The mirage of CPI...
- The two top Remax execs call for more transparency in bidding on houses (The Globe & Mail – Subscription)
- A down payment for a Toronto house will take 25 years to accumulate (NOW Magazine)
- More down payment drama… Meanwhile, essentially no one saves 25 years for a down payment, or 20 years, or even 15 years.
- Housing in Canada, unaffordable, but selling like mad (Radio Canada International)
- Why your home shouldn’t be your retirement plan (The Globe & Mail – Subscription)
- Rosentreter: “You can’t buy food with your eavestrough.”
HomeEquity and Equitable banks: “What if you use that eavestrough as collateral for a reverse mortgage??”
- Rosentreter: “You can’t buy food with your eavestrough.”
- Housing mania requires tough decisions, something the government can’t be trusted to make (Financial Post – Subscription)
- Real Estate Market Cause For Anxiety (Toronto Star – Subscription)
- Tofino home sells for $1 million above asking price (Times Colonist)
- …because, after all, Long Beach has great surfing.
- Pandemic surge in European house prices raises fears of new bubble (The Globe & Mail – Subscription)
- So it’s not just Canada. Comforting.
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