Looking at real estate in Canada My blog looks at a number of aspects of real estate in Canada. From prices to mortgages to interest rates and general economic conditions. As you can imagine, the amount of information available is considerable. I’ll try to provide information that is relevant and timely as relates to informed decision making on real […]
Courtesy of: Visual Capitalist The downfall of Home Capital Here is a great chart detailing the downfall of Home Capital. As the chart indicates, ultimately the question is whether this is a “one shot” affair or the start of something more serious. The next mortgage lender of concern is the Equitable Group. Equitable is in many […]
Here is the document from the Ontario Securities Commission outlining the allegations against Home Capital.
15% of Canada’s economy vulnerable to a housing slump, RBC says Once again, you have Canadians putting a positive spin on something negative happening. This country is amazingly bulletproof when it comes to bad news. You have an economy that is in the toilet, no manufacturing sector and built on careers for hamburger flippers, but […]
Equitable Group adds RBC to syndicate of Canada’s other big banks backing its $2 billion emergency credit line The Equitable Group offers mortgage financing that in many respects is similar to that offered by Home Capital. Borrowers who cannot get financing at Canada’s major banks will turn to Equitable. In order to ensure the availability […]
The Government of Canada continues to take the “don’t worry, be happy” approach to governing the country. Canada never has bad new, only good news that maybe is not so great. The US Secretary of Commerce has his sights on Nafta, and it’s unclear what the implications will be for Canada. But the story is the same, it will all work out for the best. ∞