RateSupermarket.ca is Purchased by Kanetix
It’s not often that the purchase of a website makes the news. It happens every day. But when the website being purchased is one of the biggest rate comparison sites for mortgages in Canada today, people take notice. That’s just what’s happened with RateSupermarket.ca after it was purchased by Kanetix. Kanetix will add RateSupermarket to…
Read moreMore Analysts Say to Expect “Significant Collateral Damage” from Housing Cool Down
Just this morning we brought a positive, albeit subdued, report on the housing market from one of the biggest associations of professionals in the industry – CAAMP. Now though, we bring you an opposing view from more analysts in the industry. This time it’s Ben Rabidoux, an analyst with Hanson Advisor, and an expert known…
Read moreCAAMP Sees Housing Market Steady for this Year, Slow for Next
CAAMP has just released their Spring Mortgage Report, which sums up what the housing and mortgage market look like for the rest of 2013, and makes predictions of what we can expect continuing into next year. In that report, author Will Dunning, CAAMP’s chief economist, says that while low interest rates will continue to fuel…
Read moreCommercial Lenders Starting to Worry about Canadian Real Estate Landscape
Well we’ve been brooding about the residential real estate market in Canada for some time now, so it makes sense that it was only a matter of time before that bled over into the commercial market. That time is now here, and according to a survey by The Real Property Association and FPL Advisory Group,…
Read moreCanada Guaranty Finds New Way to Award Green Homes
Canada Guaranty is doing something that’s going to make mortgages and mortgage insurance more affordable for homeowners; and that will benefit the environment, too. They’re going to start giving rebates for energy efficient homes! Under the new program, homeowners who either purchase an energy-efficient home, or that obtain home renovation financing to make energy-efficient improvements…
Read moreFSCO Warns about Fraudster Brokers
In any industry there are going to be people that want to take advantage. Now sadly, the same is happening with mortgage brokers, and it’s gotten so bad that FSCO has gotten involved. FSCO is the Financial Services Commission of Ontario, and they oversee the insurance and pension industries in Ontario. They’re also responsible for…
Read moreIn Bad Times, a Little Mortgage Goodwill
Here in Canada we’ve been lucky enough to stay far away from the current crisis in Moore, Oklahoma, with our televisions being as close as any of us will ever get to it. But as we watch those families pick up the pieces of their lives, and cameras span pile after pile of wood that…
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