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Foreign Ownership in Canada. Are CMHC about to do something about it?

According to a survey from the CMHC on the rental market, some pockets of the country now have as much as 6.9% of condominium apartments foreign-owned. The CMHC has for the first time, asked property managers to provide information on the total number of condominium apartment units owned by people whose permanent residence is outside of Canada. The survey found that Toronto's Core had a foreign ...

Are CMHC going to Hike their Issuer Fees. What will the knock on effect be?

According to an article published by the Financial Post on December 12th the Canada Mortgage and Housing Corp. is tripling the fee it charges some financial institutions to guarantee loans in the mortgage-backed securities market, a move that could end up costing consumers more. The move appears to be aimed at the government’s stated goal of reducing its role in the mortgage insurance market ...

Grand Opening Century 21 Heritage Group Ltd. Newmarket Ontario

New Location; Same Great Service! Grand Opening Century 21 Heritage Group Ltd. Newmarket   Century 21 Heritage Group Ltd. hosted an open house to celebrate the opening of their new office location at 10735 Yonge St. in Newmarket Friday. The celebrations commenced at noon with various Sales Representatives, Brokers, Management, Support Staff, Members of the Community and Town of Newmarket ...

What We Can Learn from the U.S. Mortgage Fallout

What we can learn from the U.S. mortgage fallout By Frank Kirschner   U.S. President George Bush recently announced a stop-gap (albeit limited) measure that may assist many U.S. homeowners from experiencing what millions already have – losing their homes. In light of the dilemma south of the border, what can we Canadians learn from all this, and how can we be better prepared to avoid ...
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