VANCOUVER (NEWS 1130) – A major bank says it’s going to back off issuing mortgages in Metro Vancouver over our region’s housing prices. Essentially, Scotiabank is looking at our market and getting a sense there’s too much risk.
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Champ called the lack of mental health services for female inmates “shocking.” The order in Ontario comes just a day after the B.C. Supreme Court ruled the use of prolonged solitary confinement in federal prisons is unconstitutional. In a.
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In fact, Mr. Cronin currently serves as not only a director, but the Chairman of the board of directors of California Gold Mining Inc., a TSX-Venture exchange listed advanced-stage gold exploration company with assets in California and.
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The goal is to "ensure a robust steelhead population" in Lake Ontario. The fish are exhibiting "signs of stress and.
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an economics professor at the University of Winnipeg. Other figures from the study show the average monthly.
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TORONTO (Reuters) – The struggles of Canadian lender Home Capital Group are pushing more borrowers toward less regulated mortgage providers, raising the risks for them and the wider property market. Lenders not supervised by.
OTTAWA — The federal banking regulator is proposing a new stress test for all uninsured mortgages as part of efforts to tighten lending rules. The Office of the Superintendent of Financial Institutions (OSFI) recommended the measure as.
After months in the spotlight, a group formed by three Southern California municipalities has backed down on a plan to seize and restructure troubled home loans. The local group, whose mission includes addressing the problem of.
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Banks were benefiting from higher bond yields, which allow them to charge higher interest rates on mortgages and other kinds of loans. Microsoft, JPMorgan Chase and Wells Fargo all posted solid gains. The Dow increased 152 points, or.
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The largest non-bank lender of mortgages in Canada is in the midst of an unparalleled existential crisis, and some are wondering whether the lender’s troubles are.
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MUMBAI: India’s largest mortgage lender HDFC Ltd has bagged a Rs 11,104 crore investment from marquee investors – like private equity giant GIC Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement.
Lenders want to make sure you can afford higher mortgage payments if interest rates soar. So does the government. That’s why regulators created the mortgage.
Canada’s new mortgage rules are already claiming casualties. And it’s not borrowers’
People often confuse mortgage brokers with lenders. Essentially, a mortgage broker is a loan provider who serves as a liaison between you and mortgage lenders.
TORONTO – Alternative asset manager West Face Capital Inc. has filed a $70-million lawsuit against Home Capital Group Inc. and three former executives, alleging the Toronto-based mortgage lender’s. a matter before the Ontario.
Lawsuit targets Ontario’s $4-billion syndicated mortgage industry. Fortress, the largest company in the syndicated mortgage industry, and the Financial Services.
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Canada Mortgage and Housing Corporation (CMHC) is a Crown corporation of the Government of Canada. Its superseding agency was established after World War II,
Ontario legislator Lisa MacLeod said she shared information. Clark declined to expand on the post when contacted,
The Canadian Agricultural Loans Act (CALA) is a federal loan guarantee program designed to increase the availability of loans for the purpose of the establishment.
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CF Cadillac Fairview, which is owned by the Ontario Teachers Pension Plan. is that Oakridge Centre and Pacific Centre are also the two top-producing malls in B.C., ranked by sales per square foot. They are also the No. 2 and No. 3 most.
Rudin reiterated Tuesday that OSFI was aware the stricter guidelines could have unintended consequences, such as sending borrowers towards more risky lenders.