With the summer season now in full swing, last week was slow in terms of real estate and mortgage news but Canada’s major real estate boards will report on June results later this week. Most observers are expecting a continuation of May’s strong sales figures.

Re/Max published its Recreational Property Report last week which shows healthy activity in recreational property markets across the country after a slow start to the traditional sales season. 

Canada’s new anti-spam law comes into effect tomorrow. Generally speaking, electronic messages intended to encourage participation in a commercial activity can no longer be sent without the consent of the recipient, starting tomorrow. 

The benchmark government of Canada five year bond yield ended the week at 1.56%, down from 1.60% the previous week.