by Natalie Wong Toronto’s housing market has seen a stunning slowdown in the past year. Now one brokerage has cataloged the damage for 988 homeowners who got caught in the eye of the hurricane. In the space of four months last year, the homeowners lost a collective C$135 million ($107 million) as the median house price slid 18 percent, a … Read More

If you’re having difficulty qualifying for a mortgage due to bad credit, are fresh out of school, or maybe just don’t have enough of an employment history for some lenders. Don’t despair… co-signer might tip the scales in your favour. Robb Nelson, CEO of FamilyLending.com, says a co-signer often tips the scales from ‘no’ to ‘yes’ with many lenders. Often, … Read More

Broccolini Construction Inc. plans to invest as much as C$300 million ($233 million) to build the tallest residential tower in Montreal. The closely held firm will transform 600,000 square feet of downtown city space into a 56-story mixed-use tower, said Roger Plamondon, president of real estate development and acquisitions at Broccolini. Eight stories will be allocated to office and retail … Read More

The Cannabis industry is about to light up in Canada and preparations are being made to secure production facilities. But according to commercial mortgage broker Harry Tyson of DLC Commercial Core Financing, it isn’t without its set of problems. “I have done a building that has that (cannabis production) in it,” he said. “There are lenders who are willing to take that, … Read More

In a down-and-out Canadian town, Bruce Linton dreamed of transforming an abandoned Hershey Co. chocolate plant into the Next Big Thing, a medical marijuana factory. But the pot entrepreneur faced a crisis typical of his edgy industry: Banks shut their doors in his face. It began with Royal Bank of Canada. The 148-year-old blue-chip company dropped him as a customer when it … Read More