Red hot rental market in GTA

It looks like the tightening of the mortgage rules is showing serious results, as more “to be”first-time homebuyers enter the condo rental market - GTA average rents went up to a record $1,856.

“It’s been long time since we’ve seen rent levels grow even stronger than resale and new condo prices,” – said Shaun Hildebrand, a senior vice president of Urbanation and a former market analyst with CMHC...

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FSCO is warning: The damage an unlicensed mortgage broker can do to you

The Financial Services Commission of Ontario (FSCO) is worried by too many ads from unlicensed brokers, which have caused a huge wave of public complaints.

“Those who post their advertisements on the street posts are just hoping for clients with a terrible financial situation,” - says BhanPersaud, FSCO...

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OSFI is looking to ban mortgages with more than 25 years amortization

The Office of the Superintendent of Financial Institutions (OSFI) is considering the new rules, according to which the banks won’t be able to sell any type of mortgage with amortizations of more than 25 years...

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