But don’t blame brokers
A Beverley Hills estate has gone on sale and broken all records for the most expensive residential property ever to go on sale in the US.
Many brokers and industry pundits alike believe the CMHC has strayed too far from its roots and one player believes the Crown Corporation should never have entered the securitized mortgage market.
The trend measure for housing starts dropped month-over-month from September to October of this year, due in part to a decrease in condo starts
With all the gimmicky names and glitzy apps in the marketplace, it’s time to get back to basics.
A new report by Brookfield RPS shows that the speed at which house prices in Toronto, Vancouver and Calgary are growing compared to the rest of Canada is increasing.
Canada’s largest non-bank lender is enjoying a boom in business fuelled by the big banks’ tighter lending requirements.
Taxpayers will face increases of 4.3 per cent in their property taxes next year according to the latest budget.
With the average price of a single-family house in Calgary you could own a whole island.
Brokers have already suggested it and now the deputy governor of the Bank of Canada, Lawrence Schembri, has suggested the creation of a “private-label mortgage securitization market.”
Brokers will likely breathe a sigh of relief as OSFI has unveiled its finalized B-21 guidelines, following a draft that was largely believed to be less intrusive than its preceding B-20 version.