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
This past summer, CMHC attempted to determine the percentage of condos in Canada that are owned by domestic investors, but it has recently admitted it still is unsure what percentage are owned by foreign investors.
One industry organization has proposed changes to the requirements for broker registration following a supreme court of British Columbia decision that determined an unregistered broker – who collected a $630,000 broker fee -- did not require registration.
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The Canada Mortgage and Housing Corporation admits it has little knowledge of the level of foreign investment in the real estate market but insists that it’s not a problem.
The property transfer tax introduced in Vancouver in the 80s is out of date and adding an unfair burden on buyers.
Calgary is booming with the ever-growing population driving increased construction in the city.
New data from the National Association of Realtors shows that the market south of the border continues to strengthen.
One of the leading mortgage broker course providers announced Tuesday it is launching the non-profit Association of Mortgage Investment Professionals (AMIPROS) with the goal of providing higher standards and education to the private lending industry.
Brokers often call for more regulatory oversight to help weed out unethical professionals and one recent update from FSCO has been met with positive reactions. But some brokers believe more can be done in other areas of focus.
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