Real Estate Blog
Foreclosure scout discloses ‘dirty tricks and blatantly illegal practices’ of his job
Business Insider Feb 22, 2012 – 11:00 AM ET | Last Updated: Feb 22, 2012 11:01 AM ET Justin Sullivan/Getty Images “If I learned anything from this job, I don’t care where you live, If your neighbours see people poking around houses in your neighbourhood, they won’t say anything,” an anonymous foreclosure scout said in [...]
Canada housing prices won’t crash: poll
By Louise Egan OTTAWA — Canada’s government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also ruled out the prospect that prices could suddenly crash. Ten of 14 economists and strategists surveyed last week in [...]
Mortgage fraud on the rise
MONTREAL — Consumer credit company Equifax uncovered roughly $400-million worth of mortgage fraud in Canada last year, an “eyeopening” number industry experts estimate represents only a fraction of the cheating taking place in the country’s real estate market. Atlanta-based Equifax says many financial institutions are tightening lending and, as a result, deceit in the property [...]
Housing market poised for ‘severe correction,’ finance professor says
Bloomberg News Feb 17, 2012 – 4:03 PM ET Mike Cassese/Reuters files A sold sign is displayed in front of a home in Toronto. Comments Email Twitter By Doug Alexander and Ilan Kolet Canada may be on the cusp of a “severe” housing correction as real estate investment surges above a tipping point relative to [...]
Housing crutch abandoning banks
The numbers are staggering. At the end of last year the Canadian banks had $494.4-billion of insured mortgages on their books, guaranteed by the Canada Mortgage and Housing Corp. Another piece of telling data: As of the end of September the CMHC had guarantees on $541-billion of outstanding home loans — roughly equivalent to the [...]
