Mortgages

03/03/2023

04/22/2020

„Czy nieszczepione dzieci są zagrożone? Aby sprawdzić stan zdrowia dzieci zaszczepionych i niezaszczepionych w ramach badań naukowych, w Stanach Zjednoczonyc...

08/25/2019

Ten dokument blokuje wszelkie decyzje szkodliwe dla Narodu Polskiego

05/02/2019

03/20/2018

Changes to syndicated mortgage transactions take effect July 1, 2018

The Government of Ontario has made regulatory amendments to O. Regulation 188/08 Mortgage Brokerages Standards of Practice under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) that affect non-qualified syndicated mortgages.

02/23/2018

https://www.cmhc-schl.gc.ca/en/co/moloin/moloin_005.cfm

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment.

02/11/2018

There was little change in housing starts in January with the 6-month trend at 224,865 compared to 226,346 in December.

"The national trend in housing starts held steady for a third consecutive month in January, remaining near the 10-year high set in December," said Bob Dugan, CMHC's chief economist. "This reflects higher starts of multi-unit dwellings in urban centres in recent months, which has offset lower starts of single-detached homes."

CMHC data reveals that Vancouver’s starts almost doubled the level of a year earlier with the North Shore particularly hot due to condo and multi-family developments getting underway.

Toronto’s starts continued to trend lower for the second consecutive month. Multi-family starts were higher, helping to offset lower numbers of single-family homes which have seen weaker demand due to more supply in the resale market.

Among the other highlights were gains for Kelowna, Lethbridge, Gatineau, Barrie and Guelph. The latter saw the highest number of apartment starts for any January since 1991.

Starts continued their downward trend in Kingston and Edmonton.

The standalone seasonally adjusted annual rate of housing starts for all areas in Canada was 216,210 units in January, essentially unchanged from 216,275 units in December.

08/09/2017

Don't promote Loan & Trust Companies not registered in Ontario

The Financial Services Commission of Ontario (FSCO) is committed to ensuring regulated entities are aware of their obligations and comply with legislation and regulations.

FSCO reminds all mortgage brokerages, brokers and agents you cannot promote the services of a loan and trust company unless they are registered in Ontario. This includes:

promoting the services of a loan and trust company not registered in Ontario to handle mortgage investments (including syndicated mortgages) made through self-directed registered accounts (e.g.: RRSPs, RESPs, TFSAs etc.)
including the name and/or logo of a loan and trust company not registered in Ontario on marketing materials promoting mortgage investments (including syndicated mortgages) and identifying such a corporation as the "registered custodian" (or other similar term) for the investments
It is not sufficient for a loan and trust company to be licenced in another Canadian jurisdiction. If you are found to be soliciting on behalf of an out-of-province loan and trust company, you can still be held personally liable under the Loan and Trust Corporations Act (Ontario).

As a general rule, if the investor or property is in Ontario, the loan and trust company must also be registered in Ontario.

It is your responsibility to ensure any loan and trust company you promote is registered in Ontario. You can check FSCO's website for a current list.

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http:/anandtrust/loantrust.aspx