Ontario Archives - Page 3 of 4 - Mortgage Rates & Mortgage Broker News in Canada

FSRA introduces stricter guidelines for mortgage broker licensing

July 19, 2024 No Comments

FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors.

Greater Toronto home sales down 16% in June despite Bank of Canada’s rate cut: board

July 4, 2024 No Comments

The Toronto Regional Real Estate Board says home sales in June declined 16.4% from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.

Ontario to recount housing build numbers

Ontario considers housing data revisions after municipal concerns of undercounting

June 21, 2024 No Comments

Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding.

An overview of housing promises from all of the 2024 provincial budgets

May 6, 2024 No Comments

Housing is arguably Canada’s most important policy issue right now. From building millions of new homes, apartment buildings, and condos, to ensuring developers have all of the financing they need, governments from Iqaluit to Windsor are preoccupied with ensuring every Canadian has a home to call their own.

FSRA revokes licences from 29 brokerages

FSRA strips licences of 29 Ontario mortgage brokerages

April 17, 2024 No Comments

FSRA has revoked the licences of 29 brokers who did not appoint a principal broker, failed to file their 2021 Annual Information Return, or failed to do both.

Are Ontario’s 2024 budget housing policies enough to address the supply crisis?

March 26, 2024 No Comments

As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario rolled out several housing initiatives aimed at increasing supply and facilitating the development of purpose-built rentals.

Relicensing deadline looms for thousands of Ontario brokers who have yet to complete requirements

March 25, 2024 2 Comments

With just days remaining, FSRA says thousands of Ontario agents and brokers still haven’t completed two education courses required to maintain their existing licences.

Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov Equifax logos are shown on paper in Toronto on Oct.17, 2019. Equifax Canada says Ontario and British Columbia saw mortgage delinquency rates soar in the fourth quarter of 2023, surpassing pre-pandemic levels.THE CANADIAN PRESS/Christopher Katsarov

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

March 6, 2024 No Comments

Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.

OREA calls on government to increase housing supply

OREA calls for bold action to address Ontario’s housing shortfall

February 1, 2024 No Comments

Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

Clock ticking to private mortgage course deadline

The clock is ticking for Ontario brokers wanting to arrange private mortgages

November 16, 2023 No Comments

A reminder to Ontario brokers wanting to arrange private mortgage deals in the new year: the deadline to complete the new licensing requirements is quickly approaching.

Ontario