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August 22, 2007

Mortgage Bytes

  • bond-dealers Here's another article on how the Bank of Canada is torn between raising rates and not raising rates.  It's amazing how fast things can change.  In July, 13 of 13 major Canadian bond dealers predicted interest rates would increase at the BofC's meeting September 5.  Now 11 of 13 think rates will remain unchanged! (Reuters)
  • Traffic on Canadian real estate sites jumped 13% in the past year.  31% of Canadians visited a real estate site during that time.  (Toronto Real Estate Intelligence)
  • 37:  The average age of an online mortgage shopper.  (CEG Research)
  • Average house prices in various Canadian cities.  (CBC)
  • The U.S. feds are talking mortgage bailout and homeowners are starting to sue.  Should Americans be "saved" by their government for signing inappropriate mortgage contracts?  Should they sue?  And should they win?  What say you?
  • It was a record quarter for Toronto condos.
  • Bravo to Million Dollar Journey on its Telegram coverage!
  • There's a business for everything it seems--even mortgage blog writing.  As for CMT, if you want our content, take it--free.  Just link here so we can eat too.  :)

Comments

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Thanks for the mention Melanie!

No one bails me out when I sign a bad contract. It's the dumbest idea I've heard in a while. As for suing, the lenders should be suing the homeowners for being so stupid in the first place.

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Canadian Mortgage Trends (CMT) delivers the latest mortgage news in Canada for homeowners, online mortgage brokers, and real estate professionals. Legal Information: Consult a qualified mortgage advisor before making any mortgage decision based on information you read here. Similarly, if you see a financial or tax strategy discussed here, always consult a licensed and qualified investment or tax advisor to ensure the strategy is right for you. Mortgages, investment, and tax strategies mentioned on this website are not appropriate for everyone. In many cases, they may not be feasible at all and/or entail serious risks. While reasonable effort is made to ensure the accuracy of information and data contained herein, accuracy, facts, completeness, and suitability can not be guaranteed. Past performance is not a good predictor of future performance. Results, rates, strategies, and terms are not guaranteed and CMT and its affiliates assume no liability for any losses that may occur from your reliance on such information. The information on this site reflects purely our opinions, and not necessarily the opinions of any other party. CMT is a news site, and not affiliated with most of the people or companies mentioned. Information herein is not intended to be, nor does it constitute, mortgage advice, investment advice, tax advise, financial advice, recommendations, or solicitations to buy or sell securities. CMT personnel and related parties may have an interest in the mortgages, services, companies, products, or securities mentioned on this site. Please contact us if you require clarifications of the above. CMT is owned and operated by McLister Enterprises Inc. Contact us at (800) 280-2460. Thank you for reading CMT. Copyright 2007. All rights reserved.