In light of the Globe and Mail's explosive story revealing how drug money from the fentanyl trade is being laundered through Vancouver real estate with money provided by private mortgage lenders, there are concerns that the issue has been misrepresented
Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets.
House prices in Toronto will continue to be out of the reach of many homebuyers even if there is moderation in the coming years.
The number of Vancouver properties selling for $3 million or more hit a new record last year.
Two liberal party members allegedly tried to bribe a Sudbury mortgage broker with the promise of a job if he rescinded his bid to run for a February 5 by-election under the party’s banner.
Market share is shrinking and, in many cases, so are commissions. The craftiest brokers are adding complementary revenue streams through various diversified models – are you one of them? Let us know and you could be featured in our upcoming Diversifiers issue.
Condo sales in Canada’s major cities – and the three metropolitans that CREA reports on – were way up in the full year 2014. And, despite sinking oil prices and uncertainty surrounding mortgage rates, analysts and agents alike say this year will hold more of the same.
The demand for condominiums in the Greater Toronto Area stayed strong at the end of last year according to the president of the local real estate board.
Investment in non-residential building construction reached $12.9 billion in the fourth quarter, up 0.3 per cent from the previous quarter.
The Alberta Premier Jim Prentice has not ruled out using sales tax as a way to plug the gap from falling oil revenues in the province.
One industry professional shared his insight into attaining financing for a type of property that many traditional lenders are shying away from.