1 In 5 Canadian Homeowners Commits Mortgage Fraud, Says Top Broker

The cost of shelter in Canada has been skyrocketing for the past few years. So much so that analysts and economists have been scratching their heads at how it’s possible that so many Canadians can afford homes at these prices. The answer might be simple according to mortgage broker Scott Nazareth – fraud. Scott, who…

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New mortgage rules mean raising babies in apartments, financial planner says

New mortgage rules that took effect on Monday will likely mean many millennials will have to raise infants in apartments, says a Toronto financial planner. Shannon Lee Simmons, a certified financial planner at the New School of Finance in Toronto, told CBC’s Metro Morning on Monday that many millennials hoping to buy their first homes may have to…

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What’s really driving Toronto’s red-hot real estate market

  Ontario Premier Kathleen Wynne is signalling she won’t follow British Columbia’s lead and slap a tax on foreign buyers of residential real estate in the Toronto area. People who watch the Toronto market closely say that makes sense, arguing that foreign buyers are a limited factor in driving up local prices. They’re pointing to a…

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Canadians could possibly feel the squeeze of higher interest charges: BMO

Emerging financial debt and elevated home cost have increased the weakness of a number of households, and their financial situation will deteriorate when interest rates increase even moderately TORONTO — A new survey suggests several Canadian property owners have made cutbacks in the past year to come up with mortgage payments and three-quarters would consider…

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