Shadow lenders gaining ground but is it a bad thing?
While the low interest rates will be good news for many homebuyers for those that are not able to obtain a mortgage through traditional lenders the ‘shadow’ banking sector is an increasingly popular choice.
Think Canada’s expensive? Try Venezuela
Almost anywhere in the world the local population will say that the cost of living is too high but a new ranking shows that Canada is not even in the top 15 most expensive places to live.
BoC interest rate change: A surprise?
For the first time in over four years the Bank of Canada has changed its target for the overnight rate, which may come as a surprise to brokers.
Fraudsters get creative
Brokers have come to expect warnings from FSCO about unethical behaviour in the mortgage industry, but this latest bulletin might just be a first.
New website could slash commissions
A match-making website encouraging Realtors to bid for the right to represent a client is drawing mixed reviews from sales reps – could a similar version soon follow for brokers?
Toronto price gap between condos and houses widens
Last year saw the gap between the cost of condos and houses in Toronto widen to a record high last year.
Boost to affordability in Calgary
Those trying to afford a new home in Calgary have been given a boost by developer Partners Development Group which has offered 10 per cent of the homes in one of its latest condo buildings to Attainable Homes Calgary Corporation.
Oil price hits provincial revenues but it’s not all bad news
A new report from the Conference Board estimates that the federal government will lose more than $4 billion in revenue from the lower oil price and the provinces will see a drop of around $10 billion from lost royalties and tax revenue.
Office vacancies set to rise says Colliers
Ottawa, Vancouver and Toronto are all predicted to see a rise in vacancy rates for offices in the coming years according to a new report.
Did this bank miss the mark?
One major bank may have wanted to hold off on its prediction for one Canada’s hottest housing markets until after the Bank of Canada announcement.