Oil capitals heading for correction says TD
TD economists are predicted a fall in house prices of around 10 per cent over the coming year in Canada’s oil capitals of Calgary, Edmonton and St. John’s, Newfoundland.
Genworth expecting losses from Alberta mortgages
Canada’s largest private mortgage insurer says it is expecting losses from Alberta this year and is increasing its scrutiny of new applications.
US mortgage rates increase from a 20-month low
The rates that homebuyers south of the border are paying for home loans have increased after hitting a 20-month low.
Co-operatives offers alternative condo ownership model
It’s not a widely used model but there are a steadily increasing number of condo developments that are run as co-operatives instead of the traditional set-up.
Another negative aspect of collateral charge mortgages
As if collateral charge mortgages needed another knock against them, one broker is having trouble refinancing those clients who find themselves in an uninsured collateral charge product.
FSCO issues correction
In late December FSCO issued a warning about an unlicensed broker operating in Ontario, which it has since rescinded. However, the commission has also provided a reminder to brokers about one rule for advertising.
January HPI breaks two-month fall
A January rise in home prices broke a two-month decline, according to Teranet’s House Price Index, the research body said on Thursday, essentially cancelling out equivalent declines in December.
Warning for Canadians with homes south of the border
Canadians who like to spend the colder months of the year in the sunnier parts of the US are being warned to watch out for the taxman.
Metropolitan areas see most population growth
New figures from StatsCan show that the census metropolitan areas (CMAs) saw considerably higher growth than non-CMAs in the period from July 1, 2013 to June 30, 2014.
Foreign investment could increase in Canada’s property market
The ability of foreign investors to put their money into Canada’s real estate has been strengthened by current economic conditions.