COVID violator, Reverse mortgage revolution, GTA condos, BC investment, Bank of Canada, More

Is the reverse mortgage set for a revolution?
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29 September 2021
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Is the reverse mortgage set for a revolution?

A fintech is billing itself as the first technology firm in the space in Canada

Province seeks forfeiture of $2.8 million condo

It is owned by an alleged COVID-19 violator

GTA saw a record number of sales for one home type last month

The intensified activity was spurred by a recent boost in inventory, BILD says

BC commercial investment reaches near-record highs – Avison Young

What's been spurring the surge?

Bank of Canada to let inflation run hot - prediction

Chief economist delivers verdict

Gen-Zers, millennials continue to stoke borrowing demand – TransUnion

A large share of these segments plan to take out new loans in the near future

Canadian household debt exceeds $2.5 trillion

However, the financial impact of the pandemic continues to decrease for households

International news
Top 10 US commercial office markets

Despite falling behind other CRE sectors in economic recovery, some office markets are bucking the trend

Macroprudential curbs could impact first-home buyers

Debt-to-income limits would primarily affect investors, but new buyers could be caught in the crosshairs

Government announces concessions in investor tax rules

Some investors will still be able to deduct interest payments from taxable income


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