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  1. DLC announced robust financial results for the quarter and year ending December 31, 2020

    DLC announces full-year results Ephraim VecinaMortgage Broker News  Dominion Lending Centres has announced robust financial results for the quarter and year ending December 31, 2020. The network posted its strongest performance on record when it comes to funded mortgage volumes, totalling around $17.5 billion during Q4 2020 and approximately $51.5 billion for the whole of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    22-04-2021
    Real Estate Related

  2. How OSFI test level affects the broker?

    Why one broker isn’t stressing about OSFI proposals Fergal McAlindenMortgage Broker News  Proposed changes to the stress test rate have caused waves in the Canadian mortgage industry over the past week or so – but one Ontario broker doesn’t see what all the fuss is about. Nick L’Ecuyer (pictured), president and principal broker at Mortgage […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    21-04-2021
    Real Estate Related

  3. BOC adjustment rate is very incremental stimulus for the economy recovery process

    Bank of Canada makes rate announcement Ephraim VecinaMortgage Broker News Amid an improved outlook for both the domestic economy and the global financial system, the Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-04-2021
    Real Estate Related

  4. Does immigrants is one factor that keeping housing market hot?

    Can immigration keep the housing market hot? Fergal McAlindenMortgage Broker News An influx of new immigrants into Canada in the coming years could help the housing market’s trajectory and offset the impact of interest rate rises, according to an industry veteran. Ron De Silva (pictured), president and CEO, Broker One, told Mortgage Broker News that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    20-04-2021
    Real Estate Related

  5. CREA home average price now $ 715,300 might increase to 20 percent year over year

    What is the Tax on Unproductive Use of Canadian Housing by Foreign Non-Resident Owners? Rachel Rehkofother  In March of 2021, the Canadian Real Estate Association announced that the average price for a home in Canada was now $715,300, with most provinces seeing an increase of pricing upwards of 20 percent year over year. In the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-04-2021
    Real Estate Related

  6. Minister of Public Safety issue orders under the Emergency Program Act to restrict people’s ability to leave their health authority

    B.C. restricts camping, leisure travel in crackdown Wl StaffWestern Investor — Campgrounds will halt bookings during latest travel restrictions. | Re/Max B.C. Premier John Horgan said orders will be issued by April 23 that will restrict people’s ability to leave their health authorities.  The measures will continue in the May long weekend. “At this point, non-essential […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    19-04-2021
    Real Estate Related

  7. Evan Sidall – CMHC new chief executive will start on July 1

    Former CMHC boss lands top job Tara DeschampsMortgage Broker News Alberta Investment Management Corp. has named the former – and often outspoken – head of Canada Mortgage and Housing Corp. as its next chief executive. The investment manager said Thursday that Evan Siddall will officially start in its top job on July 1. He will succeed Kevin […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2021
    Real Estate Related

  8. Canadian housing market hit the new record, increase 5.2% on seasonally basis by CREA

    Canadian housing sees hottest month ever Ari AltstedterMortgage Broker News  The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more homeowners to try to cash in. The number of homes sold across the country rose 5.2% on a seasonally adjusted basis, according […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2021
    Real Estate Related

  9. Matrix Mortgage cryptocurrency technology represents the future of the mortgage industry

    Is cryptocurrency the future of the mortgage industry? Fergal McAlindenMortgage Broker News  For Shawn Allen (pictured), cryptocurrency and blockchain technology represents the future of the mortgage industry – and he’s determined that Matrix Mortgage will be at the forefront of it. The company’s founder and principal owner told Mortgage Broker News that blockchain and decentralized […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2021
    Real Estate Related

  10. 5 Major Cities in Canada for Asian Buyers in 2020

    Top 5 Cities in Canada for Asian Property Buyers in 2020 Juwaiother Investing in Canada is currently very appealing to foreign investments, from the taxation system, open immigration policies, a stable economy, and Canada’s leading G20 countries. Here is a look into the top 5 cities in Canada attracting Asian property buyers in 2020. 1. Alberta  Alberta’s economy […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-04-2021
    Real Estate Related

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