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Wednesday , 29 March 2017
  • Mortgage brokers want more incentives, fewer restrictions on new home buyers

    Mortgage brokers want more incentives, fewer restrictions on new home buyers

    Canada’s mortgage brokers claimed a victory of sorts when the federal government introduced no new mortgage rule changes in last week’s budget. Now they are hoping for similar success with the Ontario provincial government, which is expected to introduce its own budget in coming weeks. In a presentation to the standing committee on finance on February 1, Mortgage Professionals Canada (MPC) argued that the introduction of a stress test last November had negatively impacted the mortgage broker channel by decreasing competition, had increased financing costs and decreased purchasing power for consumers. The group was particularly concerned that the new rules were increasing the strain on consumers by causing premiums on non-conventional mortgages to rise for third time in as many years. The presentation showed that a mortgage of $300,000 at a posted rate of 2.5 per cent would carry a monthly payment of $1,343 while the same amount with the ... Read More »
  • Tridel company DelSuites wins prestigious award for sustainability

    Tridel company DelSuites wins prestigious award for sustainability

    It might be, the next time you book a hotel room somewhere in the world, that your top concern is the price. Everybody wants to get a good price, as the Trivago guy never stops reminding us. But for business travellers and other people who need more than just a few nights’ stay in Toronto, there’s another option you might not have thought of: corporate housing, also known in Canada as furnished accommodation. And the name to look for in corporate housing in Toronto is DelSuites, a member of the famous Tridel group of companies. DelSuites is just now celebrating its latest award. The US-based Corporate Housing Providers Association (CHPA) has given DelSuites—the first Canadian company so honoured—its Best Green Progress Award. In its release, CPHA says that the Best Green Progress Award is an annual worldwide award that recognizes one company “that exemplifies a dedication to environmental responsibility and ... Read More »

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