News
Mortgage rates vs. the Bank of Canada
6+ hour, 30+ min ago (144+ words) CP24 Mortgage rates vs. the Bank of Canada After catching you up on some of the big stories of the week, Amanda Lang discusses why despite the Bank of Canada keeping interest rates unchanged, mortgage rates may become pricier, with Penelope…...
Landlord hasn't paid the mortgage? Know your tenant rights in event of power of sale
4+ day, 11+ hour ago (774+ words) You held up your end of the bargain and paid your rent on time " only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. Panic sets in, as you don't…...
'Tempered enthusiasm': No spring real estate bloom, but buyers are slowly coming back
3+ week, 5+ day ago (1024+ words) Rosy outlooks for Canada's real estate sector at the start of this year rested on hopes of a fruitful spring market that experts say has yet to fully bloom. While data from local real estate boards suggests some regions have…...
Harold the Jewellery Buyer and wife hit with $210 K in fines over alleged Ontario mortgage "scheme
1+ mon, 2+ week ago (612+ words) The Financial Services Regulatory Authority of Ontario (FSRA) has fined a well-known former mortgage broker from Toronto and his wife for an alleged mortgage "scheme" which they say used a loophole to avoid oversight and caused his clients "serious" economic…...
February home sales fell but CREA still hopeful for strong spring market
2+ mon, 3+ week ago (207+ words) The Canadian Real Estate Association says home sales continued moving at a slow pace in February but activity started to pick up near the end of the month. The number of homes that changed hands throughout the country was 8. 1 per…...
CMHC reports February housing starts up 4. 5 per cent from January
2+ mon, 3+ week ago (374+ words) OTTAWA " Canada Mortgage and Housing Corp. says the annual pace of housing starts rose 4. 5 per cent in February. The national housing agency said the seasonally adjusted annual rate of housing starts was 250, 900 units in February compared with 240, 148 units in January....
Christopher Liew: What are the pros and cons of a reverse mortgage?
8+ mon, 1+ week ago (971+ words) Christopher Liew is a CFP, CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial. With the cost of living rising faster than retirement incomes, many Canadians are facing a…...
Stability is never a bad thing: Mortgage experts welcome hold on interest rates
10+ mon, 1+ week ago (391+ words) Mortgage specialists are welcoming a hold on interest rates from the Bank of Canada particularly as a trade war continues to brew between Canada and the United States. The Bank of Canada maintained its key interest rate at 2. 75 per cent…...
Ontario mortgage delinquencies on the rise and could climb higher still, experts warn
10+ mon, 2+ week ago (862+ words) Mortgage delinquencies appear to be on the rise in both Ontario and the Greater Toronto Area and the numbers could get worse as Canada navigates choppy economic waters, experts say. According to data prepared for the Canada Mortgage and Housing…...
High inventory, falling rates creating "affordability window" for homebuyers: CEO
10+ mon, 4+ week ago (372+ words) Canadians currently looking to purchase a home may be in for a pleasant surprise, as many real estate markets across the country are seeing improved affordability, says the president and CEO of Royal Le Page. "Depending on the quarter, if…...