Latest Canadian Mortgage News compiled by Calum Ross Mortgage Team

This Week's Mortgage Market Update Contains:

• Canada's tame inflation expected to slow future interest rate hikes
• House prices fall for first time this year
• New US home sales in June tick up slightly, but sales still low as demand slumps
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“n the province of the mind, what one believes to be true either is true or becomes true. ” -  John Lilly

This Week's Highlights:

• Canadian housing starts drop
• Canadian first-quarter GDP growth strengthened
• Canada’s labour market knocks it out of the park – again

This Week's Mortgage Market Update Contains:

• Canadians back away from borrowing
• Bank of Canada raises rates again
• Drop in home construction adds to U.S. woes
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“Men acquire a particular quality by constantly acting a particular way... you become just by performing just actions, temperate by performing temperate actions, brave by performing brave actions. ” -  Aristotle (384 BC - 322 BC)

This Week's Highlights:

• Canadian housing starts drop
• Canadian first-quarter GDP growth strengthened
• Canada’s labour market knocks it out of the park – again

This Week's Mortgage Market Update Contains:

• Bank of Canada July 20 hike seen highly likely
• Housing starts dip in June
• A Bleak Outlook For The U.S. Housing Market
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“Mistakes, obviously, show us what needs improving. Without mistakes, how would we know what we had to work on? ” -  Peter McWilliams, Life 101

This Week's Highlights:

• Canadian housing starts drop
• Canadian first-quarter GDP growth strengthened
• Canadian employment rose in May

This Week's Mortgage Market Update Contains:

• First-time buyers in B.C. more likely to buy a condo than a house
• In Toronto, multiple factors are at work shaping a see-saw market
• Retailers' Sales Rise Most in 4 Years, Overcoming Job Concerns
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“Mistakes, obviously, show us what needs improving. Without mistakes, how would we know what we had to work on? ” -  Peter McWilliams, Life 101

This Week's Highlights:

• Canadian first-quarter GDP growth strengthened
• Canadian May housing starts decline 6.3%
• Canadian employment rose in May

This Week's Mortgage Market Update Contains:

• Home prices rise in Canada's biggest cities
• Canada’s economy stalls in April
• High unemployment seen for 'long period': Fed officials
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“The only way of finding the limits of the possible is by going beyond them into the impossible. ” -  Arthur C. Clarke (1917 - )

This Week's Highlights:

• Canadian first-quarter GDP growth strengthened
• Canadian May housing starts decline 6.3%
• Canadian employment rose in May

This week's mortgage market update contains:

• U.S. consumer confidence crumbles
• Decline in growth predicted for Canada
• Stocks advance on U.S. economic growth

This week's highlights:

• Canada's current account surplus widens unexpectedly
• U.S. growth beats market expectations

This week's Quote:

If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. - Henry Ford