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Industry News

 Last Wednesday Scotiabank sold the first Canadian bonds backed by consumer lines of credit in 12 years. The highly rated issue sold at market, according to a Bloomberg report, at an impressive 78 basis points over similar-term Canadian government bonds.

 

Critics may worry that such events signal a continuing explosion in household debt and a return of the boom and bust “wild West”, US-style marketplace.

 

But there is another way to see it. The bonds’ risks will be borne by the issuer and investors, not unwilling and unknowing taxpayers, who back most of the mortgage risk in Canadian and US housing markets.

 

And change is afoot in the North American housing finance system. The US and Canada are market-testing new ideas, while more of them bubble through the heads of policymakers and legislators.

 

Click here for full details from the Financial Post.

 

Canada’s Top 100 investor neighbourhoods have been revealed by Canadian Real Estate Wealth.

 

For brokers looking to encourage their property-investor clients into the marketplace, this may be the tool you need.

 

Rocky Mountain House. Brossard South. Doon. These place-names may mean little to investors now, but they have just been listed in the coveted Top 100 Neighbourhoods to invest. They – and the rest of the list – could help brokers steer their investor clients in the right direction and deepen their roles as advisors in a confusing market.

 

Click here to read more from MortgageBrokerNews.ca.

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