Tag: wealth creation
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Posthaste: Five really weird things about Canada’s roaring housing market | Financial Post
Aug 18, 2020 by Pamela Heaven According to BMO senior economist Robert Kavcic, during the pandemic recession, the performance of the housing market has been surprising. Based on the data that was shown last August 17, 2020, Canada’s housing market surged in sales at 26% beating the records in July. “In fact, this has shaped…
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Real estate industry experts question CMHC’s ‘bizarre’ move
On July 1, Canada Mortgage and Housing Corporation (CMHC) tightened its underwriting policies for high ratio borrowers, including increasing credit score requirements and lowering debt servicing limits. CMHC is, of course, a Crown Corporation, but there are private mortgage insurers, Canada Guaranty and Genworth Canada, that did not follow CMHC’s lead. The result is CMHC…
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Guest Post: Deferral-gate? (by Ephraim Vecina)
Originally posted here. A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a Better Dwelling analysis. With the total balance of mortgage payment deferrals reaching $247 billion as of the end of the second quarter, Canadians have come to heavily rely on lenders’ deferral options to stave…
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Mandatory Registration for Toronto Short-Term Rental Units
Short-term rental operators in Toronto who rent out properties for periods of less than 28 days will have to formally register with the City of Toronto starting September 10, 2020, to keep operating in the city. The new online registration system is part of a broader effort to better regulate short-term rentals across the city,…
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Update: Mortgage and Mortgage Deferrals
Originally Published by Canadian Mortgage Trends. “Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appear to be telling a different story. That cliff is looking more like a “slope,” according to…
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July 2020 Market Stats – Peterborough
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July 2020 Market Stats – Toronto
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The Revival – August 2020: Privates and Joints… Wait, what?
This week on social media, I’ve seen headlines like – “Tiny Toronto House for $1 Million!!” + “Toronto’s Real Estate Rising Fastest” and TRREB released their July Sales Data showing the housing market’s unbelievable resiliency. Increasing asset prices combined with a sluggish economy (due to the haphazard, government-imposed, COVID response) doesn’t seem like a great recipe for getting your foot in the…
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Guest Post – Harry Fine: More on Bill 184…
The Sky is Not Falling – RTA Changes Mostly Benefit Tenants Originally posted here. Tenant advocates will read this post and just scream that landlords butter my bread and that I should be ignored. But let’s get one thing straight. I do more work for tenants than for landlords. I’m in nobody’s boat, unlike FRPO,…
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The Revival – July 2020: Now! …No Better Time To Start
Those who have connected to chat about business know that OA is keenly watching the economic drivers that COVID has highlighted and those that it has disrupted. On top of our Real Estate businesses, we dabble in stock options trading, metals, small ventures and private lending. These vehicles hold fantastic opportunities to build your wealth, but they also…