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Bulletins

MLN Bulletin: Apr 23, 2023

Robert McLister Apr 23, 2023 9:18 AM ET
Today's report... •  The latest from RateLand •  CMHC boosts multi-family insurance premiums (Click links above for stories) This & That * Wide gap: New condos in Toronto are being sold for roughly $300 more per square foot than resale units, says Jamie Johnston, owner of RE/MAX Condos Plus. "
Rates

The latest from RateLand

Robert McLister Apr 23, 2023 8:51 AM ET
Fixed-mortgage funding costs eased this week—ever so slightly. The impetus was two-fold: 1. continued blow-over of U.S. banking worries, and 2. more signs of disinflation (among other things, average core inflation slid from 4.8% to 4.5%, and preliminary March retail sales estimates looked grim).
Bulletins

MLN Bulletin: Apr. 21, 2021

Robert McLister Apr 21, 2023 12:46 PM ET
Today's report... •  Scotia tightens mortgage underwriting    (An important follow-up to yesterday's "rumour.") This & That * Mortgage payment inflation is back: New mortgage payments—assuming 20% down on the average home value—have rebounded almost $400 a month. That follows a 12.1% jump in
Lender

Scotia tightens mortgage underwriting

Robert McLister Apr 20, 2023 11:14 PM ET
Further to yesterday's speculation about Scotia's loan-to-value policy changes, it turns out that rumour became fact quicker than expected. In a memo the bank sent out a few days ago—which we received Thursday—it announced that it was implementing the changes this week. (Banks don&
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