FINTRAC rules, Rate cut prospects, CRE updates, Huge TD fine, More

How will the industry handle FINTRAC's new regulations? View web version | Forward to a colleague 11 October 2024 Top News How will the industry handle FINTRAC's new regulations? October 11 marks the first day of the stricter oversight Could the Bank of Canada start cutting rates more aggressively? The US Fed has already introduced one oversized cut Extra wiggle room with 35-year amortization Borrowers often worry about having extra funds available for the basics. Our expert BDM helped their broker lower a client's monthly payments and free up some ratio room by refinancing. Now, the client has an extra $800 monthly to pay off debt. Bridgewater Bank How is British Columbia's commercial market faring? The market is setting up a potentially stronger second half in 2024 TD hit with huge fine in US Banking giant faces cap on US retail banking assets New report highlights latest CRE trends across Canada Did market sentiment improve in Q3? Rent growth hits slowest pace since 2021, but prices remain high The average national asking rent was $2,193 Ontario planning to widen ownership of private assets Changes would allow Canadians to invest in infrastructure projects International News Mortgage market poised for growth as buyer sentiment improves New possibilities emerge for brokers amid sunnier outlook HSBC to slash senior jobs New boss reported to be looking at jobs cuts as it seeks market share Rental growth slows as more stock hits the market Capital cities see weakest rental growth since December 2021 Banks brace for mortgage defaults Rising risk of non-performing loans Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2024 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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