MERIX Financial’s interest-only mortgage, introduced a year ago, is taking the broker channel by storm because of how neatly it fits into borrowers’ financial lives
Bank of Canada Governor Stephen Poloz yesterday proclaimed that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the financing system
Detached homes were the region’s most in-demand residential asset class
Preliminary plans call for the development of a 3,000-unit residential complex
Canadian headquarters will be situated in commercial-property-rich Toronto
The property market’s rise appears commensurate with foreign buyer activity
Prices are steadily moving towards market fundamentals, new report says
Price only goes so far in influencing many Canadians’ home purchase decisions
B-20’s mandated stress tests continue to pull down sales activity in the region
After Ontario Superior Court rejected an application to nullify purchase agreements for a cancelled Toronto-area condo, a local lawyer is calling for the government to legislate enhanced consumer protection laws
In real terms, current borrowing costs are actually at negative, the bank governor says