Mortgage Rates & Mortgage Broker News in Canada |
| December Caps off Blockbuster Year for Canadian Housing Posted: 15 Jan 2021 03:50 PM PST Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year by shattering records in December. The average home sale price in the month rose to $607,280, up 17.1% compared to December 2019, the Canadian Real Estate Association (CREA) reported on Friday. Removing the two highest-priced markets of Toronto and Vancouver, the national average price was $477,280, up nearly 19%. Home sales, meanwhile, were up 47.2% […]  |
| Posted: 15 Jan 2021 05:26 AM PST Despite a nearly 50-year history in Canada, Mortgage Investment Corporations—or MICS—still remain relatively unknown among many brokers and borrowers alike. But for the past several years, Mortgage Professionals Canada and the Ontario Mortgage Investment Companies Association (ONMICA) have partnered to try and change that. They jointly host the annual MIC Trade Show and Seminar, which brings together brokers and several dozen exhibitors and speakers to increase awareness about MICS and the products they offer for today’s borrowers. The way MICs […]  |
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