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
RBC “feels good” about Canada’s housing market.
After six consecutive weeks of falling figures, consumer confidence turned slightly last week, at least at first glance.
Montreal’s planned reconstruction of Ste-Catherine St. must be done swiftly and with minimal disruption or its future as a major commercial artery in the city will be at risk.
The Real Estate Council of Alberta has announced an Alberta-based mortgage broker has had his license suspended for refusing to cooperate with an investigation.
Government interference in the mortgage industry has a history of frustrating brokers, but one leading player believes CMHC changes could be the key to reining in collateral charge mortgages.
Brokers often complain about the prevalence of part-time brokers and one industry professional has suggested higher fees and emulating the real estate agent model could rectify the problem.
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It’s not the first time that the International Monetary Fund has warned about the Canadian housing market but in its latest report it says that Ottawa has not done enough to cool the market.
Real estate agent Ara Mamourian of SpringRealty.ca has resumed sending weekly emails containing purchase prices of homes sold in his area.
Ottawa has one of the most stable and sought-after multi-family rental markets in Canada according to a report from Colliers International.