News

  • Competition Bureau appeals MLS decision by Christopher Myrick

    The Competition Bureau filed an appeal in federal court Tuesday, seeking to overturn a decision allowing the Toronto Real Estate Board to restrict access to key MLS information.

  • Investors could be hardest hit by amortization cap by Vernon Clement Jones

    Small property investors could soon find themselves with considerably less money to renovate new purchases if Jim Flaherty succeeds in winning a 25-year amortization cap on conventional mortgages.

  • Is your mortgage broker a CMA winner? by CMP

    The 8th-annual CMP Canadian Mortgage Awards went off with a bang at Toronto’s Liberty Grand Friday with over 600 attendees celebrating industry players who’ve soared above a turbulent real estate market.

  • Housing starts drop in Atlantic Canada, says CMHC by Christopher Myrick

    Housing starts were lower in April on both month-over-month and year-over-year fronts, with the sharpest declines coming in Atlantic Canada and Ontario, according to the Canada Mortgage and Housing Corp.

  • CMHC report shows loss of bulk insurance business by Vernon Clement Jones

    CMHC’s bulk insurance fund stood at a virtual standstill last year as the government clawed back on lender access to that portfolio insurance, making it harder for investors to win financing at the bank.

  • The real cost of smoking tenants by CREW online

    Here may be more proof that smoking tenants compromise resale value, with a survey suggesting half of buyers are inclined to give those properties a miss.

  • Condo sales lift T.O. prices, uh? by Christopher Myrick

    Sales volumes for homes in Toronto slipped 2 per cent in April from a year earlier while year-on-year prices were up by the same percentage, driven by unexpected strength in, of all things, condos.

  • Five more tricks to finding a bargain by Gord Lemon

    Here are the last five of ten ways investor Gord Lemon urges you to beat the bushes for a deal. Ahem, a deal at a discount, no less. Note: They're in no order of preference or effectiveness, although all require initiative and, perhaps, a little luck.

  • U.S. property prices rise as homeownership declines by Christopher Myrick

    Data issued by the U.S. Census Bureau Tuesday show that homeownership has hit its lowest level since 1995, while a separate release reveals the strongest across-the-board price gain since 2006 -- the suggestion being the U.S. is drifting away from an “ownership society” and toward a “country of renters.”

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