Latest Canadian Mortgage News compiled by Calum Ross Mortgage Team

This Week's Mortgage Market Update Contains:

• New transit lines will drive house prices
• Credit crunch handcuffs bank, Carney says
• Jump in U.S. productivity beats forecasts

This Week's Quotation:

"Creativity can solve almost any problem. The creative act, the defeat of habit by originality, overcomes everything." - George Lois

This Week's Highlights:

• Fed and Bank of Canada signal end of easing cycle is near
• Market expectations shifting as market turmoil eases
• Signs emerging that financial markets are stabilizing

This Week's Mortgage Market Update Contains:

• Canadian economy slows in February
• Banks bank on 'healthy' Canadian consumer
• Market disconnect

This Week's Quotation:

"Wit is so shining a quality that everybody admires it; most people aim at it, all people fear it, and few love it unless in themselves." - Lord Chesterfield (1694 - 1773)

This Week's Highlights:

• DP rebounds, regains lost ground
• Job growth slows after two months of blockbuster gains
• Housing starts stay strong

This Week's Mortgage Market Update Contains:

• Bank of Canada cuts interest rate, growth outlook
• 2 views of scary times
• U.S. mortgage applications plunge

This Week's Quotation:

"If we fall, we don't need self-recrimination or blame or anger - we need a reawakening of our intention and a willingness to recommit, to be whole-hearted once again." - Sharon Salzberg, O Magazine, The Power of Intention, January 2004

This Week's Highlights:

• DP rebounds, regains lost ground
• Job growth slows after two months of blockbuster gains
• Housing starts stay strong

This Week's Mortgage Market Update Contains:

• Do homework before buying abroad
• Shy lenders, and the oil patch, will help Canada fend off recession
• U.S. home foreclosures climb in March

This Week's Quotation:

"Success is a journey, not a destination. The doing is often more important than the outcome." - Arthur Ashe

This Week's Highlights:

• DP rebounds, regains lost ground
• Job growth slows after two months of blockbuster gains
• Housing starts stay strong

This Week's Mortgage Market Update Contains:

• Shoppers in driver's seat
• Liberals mulling a 'green mortgage' plan
• U.S. won't repeat Japan's 'lost decade,' says Fed official

This Week's Quotation:

"Never again clutter your days or nights with so many menial and unimportant things that you have no time to accept a real challenge when it comes along. This applies to play as well as work. A day merely survived is no cause for celebration. You are not here to fritter away your precious hours when you have the ability to accomplish so much by making a slight change in your routine. No more busy work. No more hiding from success. Leave time, leave space, to grow. Now. Now! Not tomorrow!" - Og Mandino (1923 - 1996)

This Week's Highlights:

• GDP rebounds, regains lost ground
• Job growth slows after two months of blockbuster gains
• Housing starts stay strong

This Week's Mortgage Market Update Contains:

• Young home buyers should invest cautiously despite unusually low interest rates
• Longer payback loan fuels housing market
• Global slowdown is good for Canada, central bank says

This Week's Quotation:

"Real, constructive mental power lies in the creative thought that shapes your destiny, and your hour-by-hour mental conduct produces power for change in your life. Develop a train of thought on which to ride. The nobility of your life as well as your happiness depends upon the direction in which that train of thought is going." - Laurence J. Peter (1919 - 1988)

This Week's Highlights:

• Inflation -- Not a problem in Canada
• Inflation still a worry for the Fed
• Financial markets price in aggressive Canadian and U.S. rate cuts