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Who are the winners with the new qualifying interest rate?
The implications of the long-awaited change are somewhat unclear, and some industry insiders say it doesn’t go far enough to fix the problem
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Brookfield Business Partners finalizes acquisition of Genworth Canada
Total value of the transaction, which will close by the second half of 2019, is at $1.8 billion
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Genworth agrees deal to sell Canadian mortgage unit
Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co.
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Insured mortgages boost Genworth MI Canada’s Q2 performance
As of the end of June, outstanding principal balance of insured mortgages was roughly $205 billion
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Fears about costs of living continue to dim Canadians’ perspectives
The housing affordability crisis is fuelling this anxiety
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Unlicensed broker arranges $511.6 million in mortgages
FICOM responded with a cease and desist after, along with Vancouver police, seizing the broker’s computer and documents
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Income-cost gap is steadily widening, with no end in sight
Toronto, Hamilton, and Vancouver are the worst-hit by the phenomenon
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Ontario has some of the fastest appreciating secondary municipalities
Amid high housing costs in large cities, exurbs are seeing rising popularity
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Majority of first-time buyers fear missing out on desired homes
This trend has been found to be prevalent in Toronto, Vancouver, and Montreal
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The best affordability options near Calgary CTrain stations
The Northeast currently stands as an especially good choice
