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Homie app guides aspiring homeowners on path to their goal

6 days ago

Homie app guides aspiring homeowners on path to their goal

For Canadians who dream of owning a home but need guidance in overcoming the hurdles, Montreal-based Application Homie Inc. has developed an app-based coaching service it believes will help aspiring buyers cross the finish line.

Royal LePage COO Carolyn Cheng to retire in November

Carolyn Cheng has announced she intends to retire from her position as chief operating officer of Royal LePage on Nov. 30. She has been in the role for over nine years after moving over from Brookfield Real Estate Services in 2016.

Realtors question RECO’s handling of iPro collapse

Questions about who knew what – and who did what and when – have grown since Aug. 14 when the Real Estate Council of Ontario (RECO) publicly announced over $10 million had gone missing from trust fund accounts at iPro.

Kelowna townhouse development placed into receivership

A Kelowna townhouse development has entered receivership after several months of financial challenges. Control of Boynton Developments Ltd. was handed to MNP on Aug. 15 after a B.C. Supreme Court order due to millions in unpaid debts.

Toronto-area market ‘flashing every possible warning light’

Greater Toronto Area new homes sales remained “exceedingly low” at levels not seen in decades, according to a Wednesday report from the Building Industry and Land Development Association. There were only 3,007 sales from January to July.

Vancouver, Toronto outpace N.Y.C. in home unaffordability

ANALYSIS: For years, some have argued that Toronto and Vancouver’s high housing costs are natural for “world-class cities.” But that logic collapses when New York and Boston – true global hubs – are more affordable.

Here's who is buying new homes in Canada's chilly market

There were just over 300 new homes sold across the Toronto region in April. Kim Meszaros, an insurance adjuster in her 50s, is one of the few to have jumped into the frigid waters of Canada’s largest housing market in recent months. 

Ont. blue box rules punishing real estate businesses: Kottick

COLUMN: Under the current regulation, franchisors like Re/Max Canada are deemed responsible for collecting and recycling all paper marketing materials with the trademark owner’s mark, used by independent franchise offices and their agents, writes Don Kottick, president of Re/Max Canada. 

Real estate market squeezed as more seniors stay put: CEO

Housing prices across Canada remain prohibitively high for many would-be homebuyers, and one expert says that’s partly due to Canadian seniors holding on to their homes longer than they did in the past, exacerbating a nationwide supply shortage.

The condo crash won’t fix our housing problem

OPINION: Canada’s housing crisis is messy and chaotic, with the potential to always get worse. The plot line — homes are too expensive, so young people can’t afford them — used to be straightforward. Now, a condo crash is complicating matters.

Mortgage delinquencies highest in Toronto: RBC earnings

According to RBC's Q2 earnings, mortgage delinquency rates were especially elevated in Canada’s biggest markets. In the GTA, the share of mortgages more than 90 days past due climbed to 42 basis points in Q3. 

Sometimes an early mortgage renewal makes sense

COLUMN: If you have a renewal coming up over the next few months, it’s a good idea to connect with your mortgage person to look at what rates are available now. It might make sense to make an early move.

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