Insurance companies are covering more than $100 billion worth of property in B.C., occupied by 1.5 million people. They collected $300 million a year in premiums even before they increased the rates up late last year by 40% on average. The Investigation After the...
Thin Ice “Canada on thin ice as it heats up” by Macro Research Board (MRB) partners paints a bleak picture as reported by Mortgage Broker News.They state the Canadian housing market is due for a crash and policymakers are staving off a massive deleveraging of the...
Putting the Squeeze On! The Canada Mortgage and Housing Corporation (CMHC) has tightened up lending standards to make it harder for Canadians, especially first-time home buyers, to borrow money for a home purchase. Starting July 1st, at least one applicant must have a...
