First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance!

Robb NelsonMortgage Talk Canada

Link here! Proceeds from the “Igniting Healthcare 50/50 FUNdraiser” will support the purchase of a new holmium laser, a key piece of equipment for the planned Urology Program at Chatham-Kent Health Alliance. In addition to being essential in urology for the treatment of such ailments as tumors, BPH (a benign, non-cancerous enlargement of the prostate) and for breaking down kidney … Read More

BoC announces initiative to take a closer look at HELOCs

Robb NelsonMortgage Talk Canada

by Ephraim Vecina As part of its drive to closely scrutinize threats to the national financial system, the Bank of Canada has announced that it will begin collecting more detailed data on HELOCs this month. This is especially important as HELOCs have emerged as a powerful and versatile solution amid a regulatory regime governed by the considerably rigid strictures of B-20. … Read More

National housing market’s vulnerabilities ease – CMHC

Robb NelsonMortgage Talk Canada

by Ephraim Vecina After 10 straight quarters of relative high vulnerability, the Canadian residential real estate segment has moved to more robust conditions amid slower price growth, according to the latest Housing Market Assessment by the Canada Mortgage and Housing Corporation. Covering 15 major census metropolitan areas (CMAs) nationwide, the report found that compared to the end of February, “the state … Read More

Many Canadians are still coming to grips with B-20

Robb NelsonMortgage Talk Canada

by Ephraim Vecina A significant proportion of Canadian consumers is still unable to grasp the full implications of B-20 despite the rules having been in effect for more than a year now, according to a new TD survey. The poll, which interviewed 1,901 owners and would-be buyers nationwide, found that more than two out of five (43%) of Canadians are not … Read More

Regulatory roadblocks hampering Ontario housing supply – OBOA

Robb NelsonMortgage Talk Canada

by Ephraim Vecina Despite robust funding and development activity, Ontario’s housing supply is hamstrung by the current regulatory regime governing the approval of new construction projects, according to the Ontario Building Officials Association. In its recent study, the OBOA argued that streamlining development approval timelines would be crucial in ensuring the sustained supply of affordable housing across Ontario. For perspective, the … Read More