Mortgage professionals from across Canada descended on Montreal last weekend for the annual National Mortgage Conference.
Hosted by Mortgage Professionals Canada, the annual gathering was once again well attended, with about 1,200 participants and 60+ exhibitors at the Exhibitor Expo.
The two-day event featured a mix of educational sessions, industry updates, networking events and keynote speakers.
The majority of young Canadian families would prefer to live in a single detached home, but many have given up on the dream of ever being able to buy one.
In fact, 43 percent of families surveyed in a recent report from Sotheby’s International Realty Canada said that high detached home prices meant they had to settle for higher density housing.
“We continue to enjoy solid business results this year, with another low loss ratio of 14% for the third quarter,” said Stuart Levings, President and CEO. “While housing markets continue to normalize, they are generally well balanced, and employment remains strong, which is positive for our longer term business performance. As part of our ongoing focus on capital efficiency, we are pleased to have completed another $50 million share buyback under our normal course issuer bid during the quarter, underscoring our view that business fundamentals remain strong.”
Exceeding even optimistic estimates, Canadians’ demand for recreational marijuana in the wake of the October 17 legalization has reached stratospheric heights – enough for major producers and sellers to struggle hard to keep up.
According to the Ontario Cannabis Store, it received 100,000 orders in just the first 24 hours of its operation.
The third quarter of 2018 brought some warmth to the Canadian housing market, as both sales and prices began to
Amid a spate of interest rate hikes and increasing cautiousness among borrowers, market players and analysts are sounding the alarm
Canada’s latest GDP numbers will be released later this week and, to no one’s surprise, the country’s housing market will
Recent interest rate hikes by the Bank of Canada have increased costs for Canadian households but they may not feel
An annual survey of mortgage customers has found that most are financially stable and are happy with their lenders and
In its latest data release, Statistics Canada announced that Canadian inflation stood at 2.2% in September, noticeably dropping from August’s
Conditions of overvaluation are easing nationwide and there is improvement in the vulnerability of the hottest markets. CMHC has published
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