Using ‘cash for house’ company was a costly mistake

CBC October 23 2023 Erica Johnson, Kimberly Ivany · CBC News Ontario woman says using ‘cash for houses’ company was costly mistake Unlicensed real estate entrepreneurs have no professional responsibilities — unlike Realtors Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast. The pandemic had done a number on her finances — the bar […]

Demand boosted by temporary residents…

A surge of temporary residents is boosting demand for homes in supply-starved market Matt Lundy, Economics Reporter Globe & Mail February 17 2023 A record-setting influx of temporary residents is putting additional strain on the Canadian housing market, just as the construction industry is pulling back on new builds. By the end of 2022 there […]

Private lenders rein in real estate borrowers..

As financial pressures intensify, real estate industry professionals are keeping a wary eye on debt-burdened homeowners – particularly those who rely on cash from private lenders. The credit that flowed so easily from private and alternative lenders when the Canadian real estate market was climbing is scarce, expensive and sometimes unobtainable when property values fall. […]