To help mortgage brokers make the best recommendations for your clients and further protect them, the Mortgage Broker Regulators’ Council of Canada (MBRCC), as part of its 2023-2026 strategic plan, is publishing its Principles for Mortgage Product Suitability...
Canadian housing is in recessionary territory, CIBC reports, as it’s facing the biggest challenges since the country’s recession in 1991. In early 2021, unit sales hit a peak of 64,000 and are currently down by 45 per cent – 12 per cent below the pre-pandemic...
Last week, Wahi released its 2023 Greater Toronto Area (GTA) Housing Snapshot Report which covers the city of Toronto and the regions of Durham, Halton, Peel and York. Here are some key highlights. City of Toronto Three of the GTA’s 10 most affordable...
This week, the federal government’s mid-year statement included housing costs. CIBC Economics reports that softer growth, higher interest rates and initiatives announced since the budget mean the updated deficit numbers aren’t as favourable in terms of fiscal...
For the third year in a row, Jeremie Fontaine, sales representative with EXIT Realty Associates in Dieppe, New Brunswick, was named Top Lister in North America. The award was presented at EXIT Realty Corp. International’s convention in Anaheim, California, and the...
Canada Mortgage and Housing Corporation (CMHC) reports the decline in home sales over the first half of this year has created a slowdown of new mortgages. However, rising interest rates and steady mortgage debt growth have created higher debt servicing costs,...
