Latest Canadian Mortgage News compiled by Calum Ross Mortgage Team

This Week's Mortgage Market Update Contains:

• Recovery hopes take another knock
• Great deals or potential nightmares?
• U.S. Existing Home Sales in Record Plunge
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“You have to have confidence in your ability, and then be tough enough to follow through. ” -  Rosalynn Carter (1927 - )

This Week's Highlights:

• Canadian housing starts fell 1.6% in July
• Canada’s annual inflation eases
• Canadian employment drops in July

This Week's Mortgage Market Update Contains:

• Canadian home sales sink 30 per cent in July
• Canada's housing market can't stay hot forever
• US mortgage finance needs new foundation
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict. ” -  William Ellery Channing (1780 - 1842)

This Week's Highlights:

• Canadian housing starts fell 1.6% in July
• Canada’s annual inflation eases
• Canadian employment drops in July

This Week's Mortgage Market Update Contains:

• Why real estate slowdown is ‘most dramatic' in Canada
• June new home sales dive 46%
• US dollar falls to 15-year low against yen amid signs of slowing economic recovery
• BWhat's Taxable Under the HST and What's Not?

This Week's Quotation:

“Success is not final, failure is not fatal: it is the courage to continue that counts. ” -  Winston Churchill

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:

• Best thing for Canadian economy would be job growth in U.S., analysts say
• Vancouver homes market goes cold
• U.S. service industry picks up
• What's Taxable Under the HST and What's Not?

This Week's Quotation:

“Have patience with all things, but chiefly have patience with yourself. Do not lose courage in considering your own imperfections but instantly set about remedying them - every day begin the task anew ” -  Saint Francis de Sales (1567 - 1622)

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:

• 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:

• 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