National Newswatch

More technology coming to mortgage industry but clients still want human touch

Feb 10 2019 — Linda Nguyen, The Canadian Press — TORONTO — Sometime in the near future, the majority of mortgage applications in Canada will be completed online or with a chatbot, mortgage expert Rob McLister predicts. McLister, who runs mortgage comparison website RateSpy.com, says unlike the United States and the United Kingdom, Canada has been slow to adopt technology — whether its using artificial intelligence or […]

Canada’s housing market ‘vulnerable’ even as overvaluation eases in Toronto: CMHC

Feb 7 2019 — Linda Nguyen, The Canadian Press — The country's overall real estate market remains "vulnerable" despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, according to a report by Canada Mortgage and Housing Corporation. The federal agency said Thursday that this is the tenth quarter in a row where it has given the national housing market a "vulnerable" assessment. The findings […]

Tech sector drives demand for office space in Toronto, Vancouver and Montreal

Jan 24 2019 — Linda Nguyen, The Canadian Press — TORONTO — The office vacancy rate in downtown Toronto has hit a record-low amid strong demand for work space by the burgeoning tech sector, according to a report by CBRE Group. The commercial real estate services and investment firm says the vacancy rate fell to 2.7 per cent in the fourth quarter of 2018 in Canada's largest city due to a "chronic shortage" […]

Majority of Montreal condo investors have negative cash flow: CMHC

Dec 4 2018 — Linda Nguyen, The Canadian Press — TORONTO — A report by Canada Mortgage and Housing Corp. suggests a majority of landlord investors who bought properties in large, high-rise condominium buildings in downtown Montreal are not collecting enough rent to recoup their operating expenses. The national housing agency estimates that investors who made a 20 per cent down payment on their properties are […]