Mortgage

GTA luxury home sales down: report Fallback Image Decorative pattern

Economic Indicators

GTA luxury home sales down: report

Luxury homes sales in the Greater Toronto Area (GTA), Oakville and Hamilton-Burlington have fallen short of last year's record-breaking pace.

By Staff |March 13, 2018

3 min read

CSA proposes national framework for syndicated mortgages Fallback Image Decorative pattern

Economic Indicators

CSA proposes national framework for syndicated mortgages

CSA is proposing changes that would harmonize Canada’s regulatory framework for syndicated mortgages. The proposed amendments, published for comment on Thursday, would remove the prospectus and registration exemptions that currently apply to syndicated mortgages in certain jurisdictions. “The proposed amendments introduce a common regulatory approach for syndicated mortgages across Canada,” said Louis Morisset, CSA chair […]

By Staff |March 8, 2018

2 min read

BMO extends mortgage rate guarantee period for homebuyers Fallback Image Decorative pattern

Economic Indicators

BMO extends mortgage rate guarantee period for homebuyers

BMO will be increasing the rate guarantee period for mortgages from 90 days to 130 days.

By Staff |March 6, 2018

1 min read

Toronto area home sales down 35%, Montreal up 5% Fallback Image Decorative pattern

Economic Indicators

Toronto area home sales down 35%, Montreal up 5%

Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35% year-over-year in February, as selling prices dropped.

By Staff, with files from The Canadian Press |March 6, 2018

2 min read