Canada’s most expensive condo
Imagine arranging the mortgage on this one, a $33 million condo in the Toronto Trump hotel.
Professionals agree on R2O strategy
Careful consulting at the beginning of a rent-to-own deal is key to ensuring underwriting guidelines are met, say brokers and industry professionals.
Brokers poised to win bank business?
Banks may be feeling the pinch just as much as the monolines following numerous lending changes, and this just opens the door for brokers to swoop in and win business, says one professional.
Magic moments: The little things that reel in referrals
It’s the little things that separate top brokers from the rest, says the National Finance Institute’s Peter Heinrich, and going the extra mile doesn’t have to cost you a cent.
Banks confident of mortgage growth
Three of the big six banks have reported their earnings so far and all have shown growth in their mortgage books.
Vancouver condos “will never be affordable”
Housing in Vancouver, including condos “will never be affordable for the majority of potential home buyers” writes Vancouver real estate analyst Fred Schliewinsky in his latest report on the sector.
Home builders heading south
Some of Canada’s biggest construction companies are hedging their bets by developing projects in the US.
The peril of late-billed taxes
In a cautionary tale for homeowners, owners of townhouses in Barrhaven, Ontario have recently been hit by unexpected supplementary tax demands dating back three years.
Lawyer faces charges in fraud case after developer flees
Down payments, which may total more than $12 million, have disappeared and charges have been laid in a Canadian fraud case.
Broker: Rent to own benefits all parties involved
Rent to own properties benefit clients, investors and brokers, according to one leading player, who lays out the elements of a R2O strategy for those looking to add this lucrative business to their repertoire.