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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:
- 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
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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
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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
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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
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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
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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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