Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
What am I missing here. Why is the Bank of Canada being held solely responsible for the woes of the residential market. They have bigger issues to deal with. As a prudent underwriter, why isn't CMHC stepping up by throttling back their mortgage insurance coverage in those markets where concerns are growing? What about the Canadian banks? Why are they not also exercising their fiduciary responsibilities? I have lived through a number of residential housing cycles over the past 40 years. What's unfortunate is that when it all comes crashing down, the only line of defense is ultimately the bank shareholders and the taxpayer in the case of CMHC. This is setting up to be a particularly nasty one. Brace for impact!
I agree...more rate cuts are likely to result in a 'bubbling effect' ! However, the BOC has bigger problems right now with poor/falling economic growth and real estate (for now) is the least of their concerns, though it will be when the music stops!
Leading players in real estate and architecture will present the second biennial edition of Toronto of the Future
Changes reflect greater focus on advocacy and core member services, says CEO Tim Hudak
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario