Glut of luxury condos in Toronto market
The $1-million cut-off on Canada Mortgage and Housing Corporation insurance may have hit the luxury condo market, with a glut of inventory in Toronto suggesting it will take 20 months to clear given current demand.
Tougher MIC rules benefit everyone
Tougher MIC rules mean a better, stronger MIC community within the broker channel, says one Alberta broker whose family has been operating a MIC for some 30 years.
July home sales take off in GTA
Toronto real estate numbers for July were the best since 2009, with total sales up 16 per cent compared to last year, according to statistics released today by the Toronto Real Estate Board.
Home ownership still possible: CMHC
With American home ownership having dropped to 1990 levels, Canadians should take pride in knowing they can still realize their own property dreams.
‘Retargeting’ can help brokers zero in on clients
You get your morning coffee, turn on your computer and decide to see what is front-page news in the Toronto Sun – and alongside the weather and sports scores on the home page is an advertisement for a mortgage broker.
Saskatchewan brokers brace for potash fallout
Saskatchewan brokers are holding their breath on fears the province could see economic growth halved if potash prices sink in the wake of one producer’s move.
First National upbeat on second quarter results
First National is looking up with second quarter numbers showing mortgages under administration, revenue and net income all gaining strength, despite lower single-family mortgage originations.
Victoria market recovering after a brutal 2012
Vancouver Island brokers vividly remember the wasteland that was the mortgage landscape in Victoria, following the tightening of the amortization rules in July of 2012 – the summer of damage control.
Broker hit with compliance order; FSCO warns RBC customers
The Superintendent of Financial Services for FSCO has issued interim compliance and suspension orders against Ralph Iacono and Mortgage Lenders Ltd., and in a separate notice is also warning clients of Royal Bank not to purchase any products from Sentel Insurance.
Proceeds from Kinsley tribute going to education
CAAMP’s Karen Kinsley Tribute Dinner will be helping further education this year, with the Foundation announcing it will use net proceeds from the dinner to establish scholarships for the next generation of “real estate finance” professionals.