Media Roundup - July 11th 2008
Reactions to the Government of Canada's changes to mortgage rules:
Mortgage wisdom (Globe and Mail)
Ottawa tightens mortgage insurance rules (CBC)
Federal crackdown could spark housing sales (Globe and Mail)
Ottawa tightens mortgage rules to avoid 'bubble' (Globe and Mail)
New Canada mortgage rules won't deflate market (Reuters)
Planning and Neighbourhoods
Is This The Most Awesome House in Toronto? (Torontoist)
The lure of Leslieville (Posted Toronto)
Is Toronto in Decline? (Creative Class Blog)
Construction Begins On Subway Extension (City News)
Former public housing development reborn in south Riverdale (inside Toronto)
George Brown to get new waterfront campus (Globe and Mail)
A neighbourhood relic's last days (Posted Toronto)
Bar frenzy hits Beaconsfield Village (Posted Toronto)
David Dunlap Observatory sold (Spacing)
Economic News
Building permits tumble 12.2% (The Toronto Star)
Condos lift housing starts 12% (The Toronto Star)
Condo starts 'the real story' of city's housing market (The Financial Post)
Canada housing starts cool, but no US-style crisis (Reuters)
Bank of Canada urged to fight inflation, but opinions divided on interest rate (The Canadian Press)
John, you forgot one.
Credit squeeze hits 40-year mortgages
New rules, including no zero-down loans, will cool real-estate market, curb first-time buyers, experts say
http://www.canada.com/vancouversun/news/story.html?id=b041545d-0b54-4d4c-ab44-bb80cea21b4c
Posted by: The Man | July 12, 2008 at 09:54 PM
John, another one you forgot. Looks like 3 big banks are not waiting until October. More to come shortly no doubt.
BMO, CIBC pull the plug on 40-year mortgages
Banks follow lead of ING after Ottawa revamps lending rules
http://www.thestar.com/Business/article/459023
Posted by: The Man | July 12, 2008 at 09:57 PM
Ontario hardest hit as full-time jobs tumble in Canada, unemployment rate rises
http://canadianpress.google.com/article/ALeqM5j7w_Q22fgE-ZQbJ_WFiJC5-uP9-Q
Posted by: HH | July 14, 2008 at 09:56 AM