RECA brings court-ordered injunction against fake broker
The Real Estate Council of Alberta has brought a court-ordered injunction against a man who, despite several cease-and-desist orders and more than $60,000 in unpaid fines, continues to illegally trade in real estate and mortgages.
Exclusive: CMHC chief economist weighs in on foreign condo investment
For the first time, CMHC released data on foreign condo investors in Canada Wednesday and in an exclusive with MortgageBrokerNews.ca, a CMHC economist shares some details behind the methodology used.
Fake emails being sent to brokers purportedly from FSCO
FSCO has warned brokers advertising on Kijiji that an imposter is sending fake FSCO emails warning of action if the ads aren’t removed.
The high cost of a bad hire
If you're looking to add new employees to your brokerage, take care in your hiring process. We’re all aware of how an employment error can hit the company’s bottom line but now, one new survey is suggesting the biggest cost of a bad hire might not be financial.
Brokers sceptical over CMHC foreign ownership data
Brokers have been quick to react to new CMHC data on foreign ownership of condos.
Rental vacancies increase but still tight in many areas
Apart from foreign ownership data the other story from the latest CMHC Rental Market Survey is a slight uptick in vacancies in the rental market.
Harper says the budget will still balance despite lower oil revenues
Prime Minister Stephen Harper reassured Canadians that the federal budget will balance and tax measures and spending plans will remain despite the lower oil revenues.
Housing starts fall in the US
Construction of new homes south of the border fell in November, chiefly due to lower demand for single-family homes.
CMHC releases foreign condo investment stats
In a first for CMHC, the Crown corporation has asked property managers to disclose the percentage of units owned by foreign investors as part of its Rental Market Survey.
Good times to roll on for brokers
Record low interest rates have kept brokers busy this year and there are no signs of slowing down on the horizon, according to one association.