It looks like the OSFI (Office of the Superintendant of Financial Institutions) may soon be regulating CMHC, as it is becoming a larger financial corporation that the government predicted. Recently the OSFI had proposed regulations that would see numerous adjustments, from small tweaks to big underwriting changes – and not just for CMHC. The full report [...]
18. May 2012
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CMHC nears it’s $600 billion cap. Is the industry running out of money?
The Canadian mortgage industry has long been lauded for its stable lending criteria and ability to hold the fort during the worldwide recession. Through the wonderful blue sky of 3.29% 5 year fixed money however, is a storm of international and national constraints that may cause a slowdown in mortgage and housing markets. We have all heard [...]
18. May 2012
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Couple looks to beat real estate competition with offer of wedding gift
Selling a home in Calgary these days is a very competitive enterprise as demand in the housing market keeps rising.
18. May 2012
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Couple looks to beat real estate competition with offer of wedding gift
Selling a home in Calgary these days is a very competitive enterprise as demand in the housing market keeps rising.
18. May 2012
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Better information will help condo buyers and owners
Does the condo or townhouse you own, or maybe one you’re thinking of buying, have an official depreciation report that assesses commonly owned assets and predicts what it will cost to keep them in good condition? Is it planning to prepare one soo…
18. May 2012
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Cayo: Buying a strata property takes extra care
Many first-time condo buyers rationalize a potential purchase something like this: “I’m paying $1,200 a month in rent,” they say. “The mortgage on a sweet little place of my own will be $1,000 a month. So I’ll be saving $200.
17. May 2012
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Ellen DeGeneres’ loss is Ryan Seacrest’s gain
Ryan Seacrest has been revealed as the owner of Ellen DeGeneres’ epic Beverly Hills estate – he bought it for $39 million US. DeGeneres had listed it at $49 million, and reports have her losing money on the deal.
17. May 2012
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Improving curb appeal on real homes
Who’s responsible for this Zorro meets Green Acres architecture? These houses are seen in almost all municipalities and some of those regularly end up in my emails submissions. The mix of Spanish inspired arches with a barn-like roof is not a happy mar…
17. May 2012
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Thinking outside the real estate box
You could be forgiven for asking the obvious: “What the heck is a house doing in the parking lot at Scotiabank Place?” The contemporary construction of exposed wooden beams and glass looks lonely, sitting in the spring sun under the giant p…
17. May 2012
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Bentall V tower in downtown Vancouver sold for record $400 million
Bentall Kennedy announced Wednesday that it bought the Bentall V office tower in downtown Vancouver on behalf of Canadian pension-fund clients from German pension fund Deka Immobilien Investment. The real estate adviser bought the 33-storey, 583,000-sq…
18. May 2012
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