Ottawa Introduces New Bank Rules, but Brokers say They’re not Enough
While mortgage brokers may have thought Finance Minister Jim Flaherty went too far with the mortgage rules he’s put into place the last several years, they think he hasn’t done nearly enough to protect consumers from “mortgage specialists” at banks. It was last week that Ottawa announced that they were going to be cracking down…
Read moreMoney Talks: Volume 21
This week there was a Bank of Canada rate announcement, tips on how to keep the value of your home, and how the housing market in Canada might just be experiencing a spring boom after all. Without further ado, here’s our best of the web roundup this week! Real Estate Home sales edge up in…
Read moreToronto Police want Residents to be Careful about “Black Money Scam”
This time it was a mortgage case that caused one Toronto man to lose hundreds of thousands of dollars, but police say that it can happen to anyone selling any type of product. And that while the scam might appear to be fairly obvious to some, police also say that they’ve seen even the most…
Read moreOntario to Introduce New Legislation for Debt Consolidation Companies
There are good ways to pay off your debt, and there are some not so good ways to pay off your debt. One great way is to borrow against your home with a debt consolidation loan, pay off your debts, and then start repaying the home equity loan, albeit with much lower interest rates that…
Read moreToronto Condo Sales Drop 17% in First Quarter
Well here’s news for anyone hoping that the Toronto condo craze would continue (was there anyone?) While we reported this morning that Canadian home sales were up in March, and that the GTA was one area that saw improvement, their condo market still has a long way to go. Or, it’s already going in the…
Read moreSpring has Sprung, and Home Sales were Up in March!
Well, we knew it couldn’t last forever, this slight softening or cooling we’ve been in lately. And while we may revert back to those days, for now spring has sprung and the country actually saw an increase in March sales when compared month over month! As reported by the Canadian Real Estate Association, the number…
Read moreToronto Developers get Creative with Condos
Just this morning we talked about the climbing number of condos in Montreal. In that post we talked about how sellers are going to have to start listening to the market, and bring their prices down. In Toronto though, it’s a different story. Here developers have already built their condos, and many have been left…
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