Magenta Capital Corporation has notified mortgage brokers that it will suspend new lending until September. Originally I wasn’t going to speak about this, as it… Read More »One of Ontario’s Largest Private Lenders has Suspended Lending
With home prices declining across Toronto and surrounding areas, many buyers are feeling remorse and are still stuck trying to sell their current home.… Read More »Buyer’s Remorse as Home Prices Fall
With the advent of the COVID-19 pandemic, Canada is in the midst of an economic downturn, unlike anything most of us have ever experienced. The… Read More »Sharp, deep, and unprecedented – The Conference Board of Canada releases its Provincial Economic Outlook
Banks in Canada last month announced plans to provide financial relief to Canadians impacted by the economic consequences of COVID 19. Banks assembled quickly and made a… Read More »Mortgage Deferrals in Canada Reach Half a Million
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. Highlights:… Read More »Canadian home sales and listings down in March
With the Bank of Canada dropping its overnight rate again in response to the COVID-19 pandemic, it would seem to be a great time to… Read More »Bank of Canada lowers overnight rate to ¼ percent
Minister Morneau announces a new benchmark rate for qualifying insured mortgages February 18, 2020 – Ottawa, Ontario – Department of Finance Canada For many Canadians, their… Read More »New Changes to the Mortgage Stress Test
Today, financial rate comparison site LowestRates.ca released its 2020 Cost of Living Index, an annual report produced by the company which outlines how much it… Read More »Cost of Living Index shows how expensive is it to live in Toronto in 2020
Despite technology making it easier than ever to access information, a recent CIBC poll shows that when it comes to major life events, such as… Read More »CIBC poll finds most Canadians value personal advice over a search engine
Desjardins Group announced today that it is acquiring the mortgage portfolio of La Capitale. The transaction, which will see 6,376 mortgages transferred to Desjardins, will… Read More »Desjardins acquires mortgage portfolio from La Capitale
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