Mortgage
CondoBusiness
Ontario to tweak rules for mortgage brokers
Proposed new rules could free Ontario’s mortgage brokers from redundant due diligence when dealing with sophisticated clients and ensure they promptly report compromising professional circumstances.
REMI Network
Housing market activity picks up in Q2
Housing market momentum is picking up amid interest rate uncertainty and evolving trade talks.
REMI Network
Appraisal Institute of Canada addresses housing crisis
The group is calling for a permanent, multi-sector advisory committee to identify systemic risks.
CondoBusiness
Mortgage practices up for review in Ontario
Consumer protection, professional conduct and administrative processes are focus areas of Ontario's in-progress review of the Mortgage Brokerages, Lenders and Administrators Act.
CondoBusiness
Mortgage tips for new and existing condo owners
While the monthly fees and mortgage process can differ slightly from traditional property ownership, condos are an opportunity to grow with your community and have a say in maintaining the structure, amenities and more.
REMI Network
New report compares consumer debt in Canadian cities
An analysis by savvynewcanadians.com breaks down complex financial data from CMHC and Statistics Canada to reveal how much debt Canadians are carrying from city to city.
REMI Network
Mortgage holders feel squeeze from interest rates
The new insight comes ahead of a potential interest rate hike on October 25.
REMI Network
Confidence among first-time homebuyers edges up
Homebuyers are placing greater importance on the proximity of their homes to where they work.
Canadian Apartment Magazine
New research compares cost to own vs. rent a home
According to new research from Compare the Market, the price gap between renting and owning a comparable home in Canada is one of the highest in the world at 32.6 per cent.
REMI Network
COVID-19 prompts mortgage refinancing: survey
COVID-19 is driving some homeowners to refinance their mortgage ahead of deferral programs coming to an end.
REMI Network
Home builders propose tax credits and policies to kick-start economy
Proposed measures include transferring mortgage tenancy to the date of occupancy for new condominiums, tax credits and other policies to jumpstart economy.
CondoBusiness
Federal policies have negative impacts on housing markets: Report
Federal policy changes made with the intent to cool housing prices and demand continue to impact housing markets across Canada, according to a new report.
CondoBusiness
Home ownership more affordable than renting: report
According to a new Mortgage Professionals Canada report, the soaring cost of rent is making home ownership more cost effective, now and in the future.
CondoBusiness
Larger mortgages a factor in higher home prices: study
Over the past 17 years, Canadians were able to qualify for larger mortgages due to declining interest rates and rising incomes, says the Fraser Institute.
CondoBusiness
CMHC generates $338-mil in net income for Q2
CMHC’s recent Q2 financial results stated that during the last quarter, it generated $338 million in net income from its mortgage loan and other programs.
CondoBusiness
Report warns against tightening mortgage rules
In a report released June 28, Will Dunning, Mortgage Professionals Canada’s chief economist, warned against further tightening mortgage lending conditions in Canada, saying it would significantly
CondoBusiness
Canada modifies mortgage insurance rules
On Dec. 11, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance in order to contain risks in the housing market,
