Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.
At the beginning of the year, no one really knew what would lie ahead for the real estate industry (or any industry for that matter) due to COVID-19. Even experts were stumped on what would happen to the Canadian housing market and what trends they would expect to see.
Several factors are expected to offset the headwinds resulting from the outbreak's impact on the economy, study shows
The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms
City calls for policies in place to help unemployed tenants
There was a surge of claims over the weekend according to a new report
With the virus outbreak only just beginning, more disruption is expected
Dallas-based agent sold 5,801 homes through the MLS last year
The province will require business owners to keep transparency records of beneficial owners
Regulator has launched a consultation period on its priorities and budget
New report reveals some improvements offer a greater emotional return
The firm now has 150 franchisees across the US and recently marked its third birthday
The challenger bank has seen fast growth over the past few years
The Curate App will now provide an ever more immersive user experience
Employment insurance beneficiaries down year-over-year
Trade disputes and Brexit are pressuring home lending
The world's largest investors can't get enough of commercial real estate assets
The real estate portal says searches are down almost 40% this month
New York-based REIT has filed a lawsuit against the bank
Canadian 'Big Six' bank says digital channels are a safer option
Five US real estate bodies have asked mayors and governors to include them in COVID-19 exemptions
The crown corporation says that it is financially prudent in the current circumstances
The new rental supplement will be paid directly to landlords
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