Flaherty may change mortgage rules to curb housing bubble: CTV
Finance Minister Jim Flaherty may increase the minimum down payment for homebuyers and cut back amortization periods if the housing market continues to heat up, according to CTV News.
Commercial real estate market should improve in 2010: Toronto board
The Toronto Real Estate Board Commercial Members say a struggling market will start to turn around in the new year, based on GDP and employment growth.
U.S. mortgage rate breaks downward cycle
Breaking a five-week streak of declines, the 30-year fixed-rate mortgage average rose to 4.81 per cent, according to Freddie Mac's weekly survey of U.S. mortgage rates.
Growing debt threatens economic stability: BOC
With household debt-to-income ratios in Canada at historical highs, the Bank of Canada is warning both borrowers and financial institutions to practice caution, particularly when it comes to mortgage lending.
HST to hurt 2010 mortgage market
An overwhelming majority of members from the Mortgage Brokers Association of B.C. (MBABC) feel that that the HST will negatively affect the 2010 mortgage market.
Home Trust announces new president
Home Trust has named Martin Reid, the company's former treasurer, as its new president following the departure of Nick Kyprianou.
DLC launches white-label HELOC mortgage
Dominion Lending Centres added to its white-label product roster this week with a new HELOC mortgage that pays trailer fees.
"This is the bottom" for fixed and variable mortgage rates: industry panel
RateSupermarket.ca announced the formation of its monthly mortgage rate outlook panel, which gathered industry experts to comment on the short-term mortgage rate outlook for variable and fixed rate mortgages
Keys to growing your business
Finding a niche and becoming an expert could be one of the most effective ways to grow your business, industry experts said at the annual CAAMP expo in Toronto
Abode shuts down mortgage business
Abode Mortgage Corporation is shutting down business after the prospective sale of the company by a private investment firm fell through.