Friday

Canadian Mortgage Bonds

Canada Housing Trust certainly has confidence in the Canadian Real Estate market. They recently offered five year Canadian Mortgage Bonds with 2.75% coupon and a 2.793% yield. These bonds were priced at 21 basis points above Canadian Bonds. The tightest spread in 2 years.

It looks like there will be sufficient funds available to Canadian home buyers at fairly low and steady rates.

Source: National Post

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