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DLCG acquisition of Filogix widens control over Canadian brokerage software

4 days ago

DLCG acquires Filogix in $58.3-million deal

DLCG Mortgage Group has acquired mortgage software developer Filogix for $58.5 million, which gives it control over “two of the major highways to the lender” in the Canadian brokerage industry, the president of its mortgage network Eddy Cocciollo said.

Time to use the 'b-word' for the housing market?

It’s been more than four years since Canada’s housing boom came to an abrupt end in 2022. Now, a handful of economists are cautiously floating the 'b' word, positing that we may finally be nearing the bottom.

Toronto home sales rise for fifth straight month

Toronto home sales and prices climbed in July, a sign that the market could be on its way back up. There were 5,582 transactions in the Toronto area last month, according to the Toronto Regional Real Estate Board.

Borrowers are asking harder questions about refinancing

GUEST SUBMISSION: The Canadian refinance closing market has operated more or less the same way for two decades. A centralized model built for volume and standardization became the default, and most lenders and brokers settled into it without much deliberation.

Residential mortgage growth lifts MCAN earnings 19%

MCAN Financial’s mortgage book continued to grow in the second quarter, helping lift earnings even as the lender reported a higher share of impaired loans. The mortgage investment corporation's earnings were up 19 per cent from a year earlier.

Townhouse project placed under creditor protection

The problem of developers carrying too much completed unsold inventory is not only being seen in the condo market. A townhouse project in Toronto with 65 unsold units, built by Solotex Group, was recently placed under creditor protection.

Controversial luxury subdivision approved near Hamilton

Want to buy a new luxury home in rural Flamborough, on the outskirts of Hamilton? New estate-style lots may soon be available — if you're comfortable having a long-standing animal rendering plant as a neighbour.

Vancouver area home sales dropped nearly 10% last month

Vancouver's real estate board says the region saw a nearly 10 per cent drop in home sales in July compared with a year ago, erasing June's gains that kicked off the summer.

Referendum uncertainty rattles Alberta housing market

Is it controversial to hang a Canadian flag on your home when you list it? As Alberta’s separatist movement advances toward a referendum to vote on independence in October, Calgary realtor Rebecca Chamberlain is recommending that home sellers avoid it.

New research suggests rising risks for housing market

Canada’s housing market is straining under the weight of shifting economic conditions, cooling demographic growth and a sharp reversal in investor sentiment, according to a new report from Signal49 Research.

A buyer’s golden opportunity: A fatigued seller

Some buyers in the Toronto-area real estate market are uncovering deals as the result of an emerging phenomenon: seller fatigue. The observation comes from John Pasalis, broker and president of Toronto-based Realosophy Realty.

Rising wildfires, underinsured cottages: What to know

As Ontario contends with what is shaping up to be its worst wildfire season on record, some cottage owners are taking a closer look at their insurance coverage. Unlike a typical homeowners policy, cottage policies take a tailored approach.

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