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mortgage

Hong Kong economy, property market to benefit from rate-cut cycle as early as March, analysts say

by Anas Siddiqui
Hong Kong economy, property market to benefit from rate-cut cycle as early as March, analysts say

“As the pressure of inflation recedes, the real interest rate is rising and creating an environment that is too restrictive,” said Raymond Mok, assistant vice-president of investment strategy at KGI …

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Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

by Anas Siddiqui
Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached …

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Annual pace of housing starts in Canada down 22% in November, says CMHC

by Anas Siddiqui
Annual pace of housing starts in Canada down 22% in November, says CMHC

The pace of housing starts in Canada fell by 22 per cent in November, the Canada Mortgage and Housing Corp. said Friday. The agency says the monthly seasonally adjusted annual rate …

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Beijing and Shanghai cut down payments as part of stimulus aimed at reviving housing markets

by Anas Siddiqui
Beijing and Shanghai cut down payments as part of stimulus aimed at reviving housing markets

Beijing and Shanghai have rolled out a fresh round of stimulus measures – including cuts to down payment ratios and the extension of deadlines for mortgage repayments – as part …

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Ottawa to launch pre-approved home design catalogue, bring back post-war effort

by Anas Siddiqui
Ottawa to launch pre-approved home design catalogue, bring back post-war effort

The federal government intends to resurrect a post-war effort to ramp up housing construction across Canada — but with a 21st-century twist. A consultation process will begin next month on …

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Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

by Anas Siddiqui
Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for …

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Like Hong Kong, Malaysia grapples with ‘grave pit’-sized homes as high living costs bite

by Walter Watson
Like Hong Kong, Malaysia grapples with ‘grave pit’-sized homes as high living costs bite

The rooms came in single and queen-sized bed configurations, with the latter being around a claustrophobic 30 square feet. They were being rented out for 290 ringgit (US$62) and 330 …

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Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

by Anas Siddiqui
Scotiabank profit falls as bank sets aside almost .3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, but a major one was a more than doubling in the amount …

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Man alleged to be behind high-interest mortgage scam living large on social media

by Anas Siddiqui
Man alleged to be behind high-interest mortgage scam living large on social media

In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to “scavenge” for money to provide food for his family …

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The new Canadian Mortgage Charter explained

by Anas Siddiqui
The new Canadian Mortgage Charter explained

In the Fall Economic Statement (FES), the Liberal government unveiled an initiative it calls the Canadian Mortgage Charter. According to the statement, the charter builds on “existing guidance and expectations” regarding how …

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