How the new mortgage rules break down – FP Posted
Filed Under Main Content · Tagged: Break, Buying A Home, Canada Mortgage, Eric, House Mortgage, Lascelles, New Mortgage, Td Securities, What This Means, Year Mortgage
Financial Post- For those thinking about buying their first home, the most important of the three new mortgage rules is the one related to qualifying for a five-year mortgage. Here’s Eric Lascelles of TD Securities with a look at what this means for someone thinking about buying a home worth $337,000, the value of an average house in Canada…
How the new mortgage rules break down – FP Posted
Mortgage demand drives bonds
Filed Under Main Content · Tagged: 1 Billion, Bmo Capital Markets, Canada Bonds, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Canadian Marketplace, Capital Bonds, Capital Mortgage, Cmt, Housing Trust, Industry Buzz, Issuance, Landscape, Media Headlines, Mortgage Bonds, Rbc Capital Markets, Runners, Td Securities
Financial Post- They were the biggest issuance in the Canadian marketplace last year. But there were no media headlines or industry buzz. The tried-and-true Canada Mortgage Bonds (CMB) churned out through a trust set up by the Canada Mortgage and Housing Corp. have been so much part of the landscape that their growth goes almost unnoticed.
But grow they did. In 2009, the Canada Housing Trust (CMT ) issued $47-billion worth of bonds. When the product was first launched in 2001 its first offering was for $2.1-billion. CIBC were the top book-runners for these bonds — selling $6.4-billion. They were followed by TD Securities, RBC Capital Markets and BMO Capital Markets…
Contrasting sides of Canadian economy will likely be revealed
Filed Under Main Content · Tagged: Buoyancy, Canadian Economy, Economics, Expenditures, Housing Market, Market Economy, Motor Vehicle Sales, Second Consecutive Month, Strategist, Td Securities, Upward Momentum
Times Colonist- “Much of the upward momentum in spending should come from motor-vehicle sales, which is poised to post its second consecutive month of strong gains,” Millan Mulraine, economics strategist for TD Securities, said in a research note. “Additional support should come from expenditures on housing-related items on account of the buoyancy in Canadian housing-market activity…”
Contrasting sides of Canadian economy will likely be revealed
Housing starts drop unexpectedly
Filed Under Main Content · Tagged: Buoyancy, Hasn, Housing Market, Housing Starts, Positive Tone, Segment, Strategist, Td Securities, Times Colonist Victoria, Times Colonist Victoria Bc
Times Colonist, Victoria, BC – “This was a fairly disappointing report, and it suggests that the buoyancy that has been seen in the past two months in this segment of the housing market hasn’t gained much traction, clouding an otherwise positive tone in Canadian housing market activity,” said TD Securities economic strategist Millan Mulraine…
