It appears that escalating housing prices have finally caught up with Vancouver
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Could this be the beginning of the forecasted "soft landing?" Developers appear to be a little less eager to scoop up land in the Toronto area to build condos on, reports The Globe and Mail.
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
And the trend continues, with the Canada Mortgage and Housing Corporation (CMHC) cutting the number of insured mortgages it will issue this year.
The Organisation for Economic Co-operation and Develeopment (OECD) has joined the list of groups calling for cuts to government-backed mortgage insurance in Canada.
The Royal Bank of Canada is taking a page from auto dealers by offering “employee pricing” to home buyers, reports The Financial Post.
Phew! Genworth Canada and Canada Guaranty have decided not to follow in CMHC’s footsteps and change their programs for self-employed buyers. But is this only a temporary move?
Networks – and at least one broker association -- are stepping up to help their broker partners prepare for the upcoming anti-spam legislation.
A lack of family-friendly condos are being built in Canada’s most populous city could be a problem, reports The Globe and Mail.