The real reason the government has introduced stringent mortgage stress testing, claims a mortgage broker, is because it wants Canadians to spend less money on mortgage payments and more on other segments of the economy
RBC “feels good” about Canada’s housing market.
After six consecutive weeks of falling figures, consumer confidence turned slightly last week, at least at first glance.
Montreal’s planned reconstruction of Ste-Catherine St. must be done swiftly and with minimal disruption or its future as a major commercial artery in the city will be at risk.
The Real Estate Council of Alberta has announced an Alberta-based mortgage broker has had his license suspended for refusing to cooperate with an investigation.
Government interference in the mortgage industry has a history of frustrating brokers, but one leading player believes CMHC changes could be the key to reining in collateral charge mortgages.
Brokers often complain about the prevalence of part-time brokers and one industry professional has suggested higher fees and emulating the real estate agent model could rectify the problem.
It sure is a competitive industry – with our Top 75 issue crowing five different top producers in five years. But is the trend set to continue this year? Click here to participate and potentially earn the honour of one of the industry’s top brokers by volume.
It’s not the first time that the International Monetary Fund has warned about the Canadian housing market but in its latest report it says that Ottawa has not done enough to cool the market.
Real estate agent Ara Mamourian of SpringRealty.ca has resumed sending weekly emails containing purchase prices of homes sold in his area.
Ottawa has one of the most stable and sought-after multi-family rental markets in Canada according to a report from Colliers International.