Canada’s market more exposed than pre-crisis America?
He’s at it again. The economist responsible for the most dire real estate prediction to date now believes the Canadian market is more overleveraged than America’s just prior to the economic crisis.
A growing trend for buyers moving up
Many real estate markets are out of reach for first-time buyers, and new data suggests that those upgrading to more-expensive homes struggle just as much.
Vancouver tackles issue of vacant homes
The increasing number of vacant homes in Vancouver is to be tackled by a new initiative announced over the weekend by the City of Vancouver’s chief housing officer.
Hockey fans get to live in condos owned by the Canadiens
Montreal condo buyers couldn’t wait to get their hands on a development of condos partly owned by local hockey team the Canadiens.
Calgary’s builders celebrate successes
The elite of the building industry in Calgary and the surrounding area celebrated their successes on Saturday.
Edmonton office developments tempt new residents
The office market in Edmonton is booming with new supply tempting residents of older buildings to move their businesses.
Target’s out, but what’s in?
The departure of several big-box stores – including Target, Future Shop and Sony, among others – had several brokers concerned about filling such large spaces, but a new report by Colliers International suggests e-commerce retail operations could readily take over those properties.
CMBA releases Q&A
In an email to Atlantic-based mortgage brokers, obtained by MortgageBrokerNews.ca, the Canadian Mortgage Brokers Association addressed a number of broker concerns.
High ratio buyers at highest risk?
One Toronto-based business school professor is sounding the alarm for high ratio homebuyers.
Lenders to benefit from quicker underwriting
Brokers often complain about slow deal turnaround times, but one industry partnership will look to speed up the underwriting process for monolines.