One province is continuing to provide programs to help first-time home buyers jump into the market, and that’s great news for local brokers
Canada’s largest private mortgage insurer says it is expecting losses from Alberta this year and is increasing its scrutiny of new applications.
The rates that homebuyers south of the border are paying for home loans have increased after hitting a 20-month low.
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.
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.
In late December FSCO issued a warning about an unlicensed broker operating in Ontario, which it has since rescinded.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.
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.
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.
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.
The ability of foreign investors to put their money into Canada’s real estate has been strengthened by current economic conditions.
Brokers have a tough enough time competing with the banks, and one industry professional believes tied selling -- going by a different name -- continues to skew the playing field.