Bonds pushed too high
EffectiveImmediately….Bonds pushed too high 5 year bondat 1.82%! All fixed termshave gone up an additional 20 bps. CMHC Client Survey: Earlier this year,CMHC surveyed more than 2,951 recent mortgage consumers on-line. The 2013survey focuses more precisely on the mortgage transaction as well as the lender/ broker client relationship. •In terms of overall Canadian mortgage market share, 23% of mortgage consumersused a mortgage broker to arrange their mortgage in 2013 (27% in 2012 and 23%in 2011) •Buyers cited past excellent service and best mortgage rate or deal as keyinfluencers in their decision to use a broker for their mortgagetransaction •The majority of mortgage consumers are satisfied with their mortgageprofessional and will likely use them in the future •Mortgage consumers use a variety of on-line tools and mobile apps when lookingfor a mortgage •Mortgage consumers undertake a range of mortgage shopping activities andshow confidence in their mortgage decision •Advice provided by mortgage professionals is valued by mortgage consumers andcan help create new business opportunities •Post-transaction follow-up and client service greatly increase clientsatisfaction and lead to opportunities for repeat business and referrals •Most recent buyers feel they made well informed mortgage decisions, but forsome there is room for improvement •Many mortgage consumers anticipate relatively big ticket home improvementswhich may create future business opportunities For additional results, visit the 2013 CMHC Mortgage ConsumerSurvey. http://www.cmhc.ca/2013survey
The Week inEconomicand Real Estate News We learned on Friday that the Canadian economy added a whopping95,000 new jobs in May. The consensus estimate among economists was for about15,000. The unemployment rate in Canada dropped from 7.2% to 7.1%. In the US,number were more muted with only 175,000 new jobs as the unemployment rateticked up to 7.6%. Canada's largest real estate boards reported their May sales datalast week and they reflect significant regional differences. Vancouverenjoyed itsfirst yearly gain in 19 months, Calgarysaw sales andprices both up strongly, Torontoposted slowersales amid continued price increases and Montrealwas alsoslower with prices also moving up. Scotiabank published its quarterly Global Real Estate Trendswhichlooks in particular at the Toronto housing market which the bank expects toexperience continued lower sales volumes and slower new construction activityinto mid-decade. Our FeatureArticletakes a closer look at the numbers form the big four realestate boards and the Scotiabank report on the Toronto real estate market. GadgetReview This week, we look at one of the best rated compact digitalcameras - the Canon IXUS 230 HS. See our Gadget Review section for more on thiscamera. Have a great week!