REMI

Mortgage

Mortgage practices up for review in Ontario

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.
mortgage

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.
consumer debt

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.
mortgage cap

REMI Network

Mortgage holders feel squeeze from interest rates

The new insight comes ahead of a potential interest rate hike on October 25.
first-time homebuyers

REMI Network

Confidence among first-time homebuyers edges up

Homebuyers are placing greater importance on the proximity of their homes to where they work.
own vs. rent

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.
liveable

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.
tax credits

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.
Inflation

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.
REMI

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
REMI

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,

CondoBusiness

Household debt levels a cause for concern: report

A new report from the International Monetary Fund (IMF) is raising concerns about the stability of Canada’s housing market. According to the global economy forum, Canadian household debt levels are among the highest recorded in Western countries.

Canadian Apartment Magazine

Lending value versus market value

Differences between a building's market value and lending value can have a big impact on buyers.

Canadian Apartment Magazine

What to consider when financing a mortgage

What factors should borrowers consider when looking for mortgage financing? Peter Cook, assistant VP of commercial lending at First National Financial, offers his advice.