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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 […]
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 […]
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.
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.
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.
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.
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 […]
