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Monthly Archives: March 2016

Broker channel disturbed by lender's cut-rate mortgages

Broker channel disturbed by lender's cut-rate mortgages

The mortgage broker community has been perturbed by the recent actions of one of its main channel partners. Street Capital recently started advertising direct-to-consumer mortgages at rates that are lower than those available to brokers. The ads also included cash-back offers of up to $1,500 and even better rates for clients meeting certain conditions. Many… Continue Reading

Broker channel disturbed by lender’s cut-rate mortgages

Broker channel disturbed by lender’s cut-rate mortgages

The mortgage broker community has been perturbed by the recent actions of one of its main channel partners. Street Capital recently started advertising direct-to-consumer mortgages at rates that are lower than those available to brokers. The ads also included cash-back offers of up to $1,500 and even better rates for clients meeting certain conditions. Many… Continue Reading

Growth of online shopping adds to traditional retail experience: report

Growth of online shopping adds to traditional retail experience: report

For some, this must seem like the promised land. Shopify, the Canadian e-commerce company, reported in 2014 that it found no discernible difference in levels of online shopping traffic from one day to the next. People were basically always shopping. Shopify calls it “always-on shopping.” Now, the Canadian Internet Registration Authority (CIRA), the body that… Continue Reading

New home sales up sharply in February: BILD

New home sales up sharply in February: BILD

Sales of new-built homes in the GTA were above average in February, according to the Building Industry and Land Development Association (BILD). February’s brisk sales, which were 21 per cent higher than one year ago and 36 per cent above the ten-year average, came after a sluggish January. BILD president Bryan Tuckey said the launch… Continue Reading

Most Canadians seek advice online but don't always take it

Most Canadians seek advice online but don't always take it

A lot of Canadians use the Internet, in case that had escaped you. Scotiabank says 96 per cent of us use the Internet to find “information and answers” about, well, everything that we need information and answers about. Recipes. Medical information. Gift ideas. Financial advice. Dating. Mortgages. A survey of about 1,500 Canadians, conducted online… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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