Is your client looking for a deal on a home? In recent weeks, finding the right digs at the right price may have been more challenging than expected. That’s because, says Royal LePage’s house price survey, the Canadian housing market continues to grow. Vancouver leads the way, with year-over-year home prices increasing by more than […]
Michael J.R. Nisker, Trez Capital Senior Mortgage Investment Corporation’s president and CEO, will be retiring effective November 11, 2016. Sandy Manson, who is currently the company’s CFO, will assume the role of president and CEO after Nisker’s departure. Read: Banks tighten mortgage rules for non-residents Greg Vorwaller will be appointed to the board to replace […]
If your client is a non-resident, getting a mortgage just got harder, at least at two Canadian banks. Bank of Nova Scotia recently amended its income verification policy for non-residents, who could circumvent the policy if they had large down payments, reports the Globe and Mail. And Bank of Montreal will require non-residents to verify […]
Homebuyers should expect tougher mortgage rules to fully kick in by January 1, 2017.
The average price of a new low-rise home in the GTA has surpassed $900,000 for the first time, says BILD.
The Department of Finance may soon require banks to share risk with mortgage insurers.
The SEC has barred a former Goldman Sachs residential mortgage-backed securities (RMBS) trader.
Sales activity was down from the previous month in about half of all markets in June, says the Canadian Real Estate Association.
“You can’t include Toronto in the same discussion that you include Vancouver, because the situations are dramatically different," warns Royal LePage President Phil Soper.
Young Canadians who live in hot housing markets are increasingly looking to their parents for help.