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Finance

Why non-bank mortgage lending has exploded in growth

Ballooning of non-bank consumer mortgage values by around 10 times far outstrips rise in home values in same period, finds Statistics Canada study
Business fund expects to back more Western Canadian companies

Business fund expects to back more Western Canadian companies

Toronto-based Canada Business Growth Fund has found bright opportunities in entrepreneurial British Columbia, Saskatchewan
Financial institutions reluctant to bankroll cannabis entrepreneurs

Financial institutions reluctant to bankroll cannabis entrepreneurs

Small business owners struggling to secure business accounts and loans
Five-year fixed rates to drop to 2.77%, then hold steady: BCREA

Five-year fixed rates to drop to 2.77%, then hold steady: BCREA

Canadian mortgage rates are still falling, but will then level off for at least a year, predicts association
Five worst mistakes when financing commercial real estate

Five worst mistakes when financing commercial real estate

Environmental clean-up, detailed appraisals, lack of information and high closing costs can disrupt the transaction
One in five Millennial home buyers commits mortgage fraud: survey

One in five Millennial home buyers commits mortgage fraud: survey

Nearly 20 per cent of young buyers inflate income on mortgage application, and nearly a quarter of Millennials think that’s OK, finds Equifax
Bank of Canada lowers benchmark qualifying mortgage rate

Bank of Canada lowers benchmark qualifying mortgage rate

Mortgage applicants can now qualify for a slightly higher priced home under stress test
The sub-3% five-year fixed mortgage is back – for now: BCREA forecast

The sub-3% five-year fixed mortgage is back – for now: BCREA forecast

Lower bond yields have brought the typical five-year fixed down to 2.99 per cent – but not for long
First-Time Home Buyer Incentive to launch in September: CMHC

First-Time Home Buyer Incentive to launch in September: CMHC

Federal government also launching alternative shared-equity mortgage funding scheme
Beware of real estate investment schemes promising tax write-offs, warns CRA

Beware of real estate investment schemes promising tax write-offs, warns CRA

Fraudulent schemes lure investors with false promise of huge tax write-offs – and those who invest could face prosecution