Canadians are taking on larger mortgages, but are they having trouble paying them down?
Hundreds of Calgary householders got the chance to have their say on a proposal to allow more secondary suites, or mother-in-law suites, in four wards of the city.
Many Canadians who are planning to secure a new mortgage or rent an apartment have no idea if they have a good credit score, or even what would be considered good.
Online real estate brokerage Zoocasa says it will stop publishing home sales data from the end of this week.
Credit unions are slowly earning their chunk of the mortgage market, but brokers warn of the potential pitfalls of not knowing the limitations and carefully reading the fine print.
While the industry continues to chime in about the interest rate cut and its impact on all sorts of homebuyers, investor clients are finding themselves left out in the cold by the banks.
“Are you sure he’s a mortgage broker?” I said to my husband as I clicked through links on the computer screen in front of me. “All I see on his Facebook page are pictures of him camping and hunting. He likes beer too.”
A report by the Conference Board of Canada says that the housing markets in Calgary and Edmonton were “hammered” in January and are buyer’s markets.
Talk of a further cut in interest rates has been fading in recent weeks and yesterday’s inflation figures from Statistics Canada may just kill them off.
Rental apartments are the next boom in Toronto’s housing market according to developers and investment funds.
The conviction of two major real estate developers – who have already once been accused of committing mortgage fraud -- in one of Canada’s busiest cities highlights the need for brokers to properly vet condo developers before recommending new-construction projects to their investor clients.