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Latest Canadian Mortgage News compiled by Calum Ross Mortgage Team
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This Week's Mortgage Market Update Contains:
- Pricey real estate points to faster rise in Canadian rates
- Mortgage refinancing penalties prompt backlash
- Fed holds course on rates
This Week's Quotation:
“To accomplish great things, we must dream as well as act.” - Anatole France (1844 - 1924)
This Week's Highlights:
- What’s next?
- Caution!
- Data bumps up and...
- ...down
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This Week's Mortgage Market Update Contains:
- Slowdown of 2008 is hitting home now
- Don’t be an Unscorable
- Loonie at par by summer: economists
This Week's Quotation:
“I have never been especially impressed by the heroics of people who are convinced they are about to change the world. I am more awed by those who struggle to make one small difference after another.” - Ellen Goodman (1941 - )
This Week's Highlights:
- What’s next?
- Caution!
- Data bumps up and...
- ...down
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This Week's Mortgage Market Update Contains:
- New rules won't put lid on prices
- When it comes to mortgage details, most people just 'zone out'
- U.S. MBA Mortgage Applications Index Increased 15% Last Week
This Week's Quotation:
“What is important is to keep learning, to enjoy challenge, and to tolerate ambiguity. In the end there are no certain answers.” - Martina Horner, President of Radcliffe College
This Week's Highlights:
- Canadian housing starts rise in January
- Inflation rate 1.3% in December
- 43,000 new jobs created in Canada during January
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This Week's Mortgage Market Update Contains:
- Toronto leads tight national housing market, Re/Max says
- Home-buying plans may change
- U.S. Economy: New-Home Sales Unexpectedly Fall to Record Low
This Week's Quotation:
“A duty dodged is like a debt unpaid; it is only deferred, and we must come back and settle the account at last.” - Joseph F. Newton
This Week's Highlights:
- Canadian housing starts rise in January
- Inflation rate 1.3% in December
- 43,000 new jobs created in Canada during January
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This Week's Mortgage Market Update Contains:
- Lock in, or stay variable? The experts debate
- It's not the mortgages, it's the borrowers
- Building some slack into the system
- Flaherty moves to cool mortgages
This Week's Quotation:
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” - Colin Powell (1937 - )
This Week's Highlights:
- Canadian housing starts rise in January
- Inflation rate 1.3% in December
- 43,000 new jobs created in Canada during January
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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
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