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New CMHC requirements will have buyers flocking to the market: brokers
Experts in the real estate industry say CMHC’s new, strict lending measures will trigger a surge in home purchase volume as potential home buyers rush to the mortgage market before July 1, when these policies take effect. “Whenever there has been a deadline given for a major mortgage rule change,” Ron Butler, mortgage broker at […]
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Coronavirus is already taking its toll on Canada's real estate market
The real estate frenzy in Canada’s biggest markets is headed for a chill as anxiety rises over the economic fallout of the coronavirus. A call for social distancing means far fewer people will be opening up their homes to potential buyers. RE/MAX wants its realtors in Ontario, the Atlantic provinces and Western Canada to cancel […]
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Appraisal Institute of Canada
www.aicanada.ca Appraisal Institute of Canada is the premier real estate appraisal association in Canada. The institute is a self-regulating body whose mission is to protect the public interest by ensuring highest standards, practices and professional conduct in real estate appraisals.
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Bank of Canada
www.bankofcanada.ca The Bank of Canada is the nation's central bank. It is responsible for Canada's monetary policy, bank notes, financial system and funds management.
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Trans Union Canada
www.tuc.ca Trans Union Canada is another consumer credit reporting agency providing credit reporting services to Canadian consumers. Trans Union Canada is also a great source of credit-related information.
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Canadian Revenue Agency (CRA)
www.canada.ca/en/revenue-agency The Canada Revenue Agency (CRA) administers tax laws for the Government of Canada and for most provinces and territories; and various social and economic benefit and incentive programs delivered through the tax system.
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www.mpac.ca Each year, the Municipal Property Assessment Corporation (MPAC) prepares an assessment roll for every Ontario municipality. The roll provides the assessed value of all the properties in a municipality or in the jurisdiction of a school board with taxing authority. MPAC also prepares supplementary assessment lists, which municipalities use to add in-year tax revenue […]
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