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CMI Financial crosses $1B in mortgages under management
CMI Financial crosses $1B in mortgages under management
Higher demand for mortgages from private lenders the past couple of years has driven CMI Financial Group past the $1-billion mark in mortgage assets under management, according to CEO Bryan Jaskolka.
Mortgage, real estate industry hit the jackpot last week
First, the federal government announced a bombshell loosening of mortgage insurance rules. Second, inflation stunned economists by undershooting the two per cent target. Third, the United States Federal Reserve threw a party for the markets with a jumbo rate cut.
Feds’ mortgage policy needs action on supply too: Tal
CIBC Capital Markets deputy chief economist Benjamin Tal says the federal government’s latest effort to help homebuyers will likely rejuvenate demand, but it needs to be matched by policy action to increase the supply of housing, too.
TO housing plan needs more federal, provincial funds: report
Toronto has been making progress on its housing targets, but according to an update on the city's two affordable housing plans, it likely won't be able to stay on track without significant help from other levels of government.
London housing starts triple in August, third best in Ontario
The number of housing starts in the London area more than tripled in August compared to the same month last year, an indication economic conditions are on the upswing, both the mayor and an organization representing builders say.
What Ontario can learn from Alberta about housing
OPINION: Alberta’s population is booming and the province’s housing sector is rushing to respond. Ontario’s population is booming – and the province’s housing sector is struggling to respond. The process starts with governments in part getting out of the way.
How long you need to save to afford an Ontario home
How long it'll take to save up for a home depends on several factors, including where you live, income and property size. Timelines vary wildly, from 2.5 years in select cities to over 40 years in more expensive cities.
B.C., First Nations reach deal to sell below-market condos
An agreement between British Columbia and the Musqueam, Squamish and Tsleil-Waututh First Nations will see about 2,600 one-, two- and three-bedroom homes made available in Vancouver at 40 per cent below cost.
Smaller cities show resilience in Canada’s luxury market
According to the Royal LePage Carriage Trade Luxury Market Report, Winnipeg had a 61.9 per cent year-over-year increase in luxury home sales for the first eight months of the year. Larger markets like Toronto and Vancouver recorded more modest changes.
Floods threaten future of Montreal basement apartments
Last week, in comments to Montrealers whose homes had been flooded, a member of the city’s executive committee said that living in basement apartments may eventually become a thing of the past – at least in some places.
Renting is often a better deal than buying
OPINION: The full cost of renting is obvious: it’s the rent. The total costs for a homeowner are less obvious and often hard to measure. The big expenses are property taxes, maintenance costs, depreciation, and the cost of capital.
Lack of options prevents some seniors from downsizing
Across the country, baby boomers are getting older, retiring and becoming empty nesters. But most seniors and baby boomers in Toronto aren’t downsizing — a trend that will likely contribute to continued hardship for millennials searching for houses and lowrise apartments.
Review of B.C.'s short-term rental ban needed: BCREA
The British Columbia Real Estate Association (BCREA) is calling for significant amendments to B.C.'s short-term rental laws to mitigate the disruption they've caused for specific business and tourism sectors across the province.
What’s holding back First Nations housing progress?
Canada’s on-reserve housing in First Nations communities has long been talked about – and therein lies the problem. The Auditor General of Canada recently reported that 80 per cent of First Nations housing needs identified 20 years ago remain unmet.
Garden suites dividing neighbours on tiny Toronto street
Should there be exceptions to Toronto’s efforts to boost neighbourhood density? On Craven Road, a narrow one-way street off Danforth Avenue in East York, this question has erupted into a hyperlocal schism.
Toronto couple reinvented dilapidated home
Stained carpeting, duct tape on tub tiles and an overall dinginess greeted prospective purchasers Joe Siegfried and Brad Dougherty. But the couple had stumbled across a rare gem in downtown Toronto: the $640,000-suite offered a huge living space.
How and when a bold strategy can lead to above-market sales
A warming Edmonton housing market has prompted a top agent in the city to be “disruptive” in using list price as a marketing tool — much like agents in Toronto and Vancouver did when their markets were hot.
Why 'old school' ads still work for homebuilders
As targeted social media and online advertising has become more dominating, where does “old school” marketing fit into a home builder’s marketing plan today? Are flyers, brochures, and directional signage lost strategies? One homebuilder's marking director says they're still effective.
U.S. homebuilder Lennar beats Q3 profit estimates
Lennar Corp. (LEN-N) has reported third quarter profit above Wall Street estimates, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured more skittish buyers to the market.
Economists urge China to ramp up housing rescue to propel growth
China’s housing rescue package offers the best path for putting the country on track to expand around five per cent, assuming it’s deployed to maximum effect in the face of a real estate crisis expected to last for years.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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