Mortgage brokers begin to 'test the waters' with Home Capital
“Last week, we started to send in a few deals and they’ve actually picked them up pretty quickly,” Samantha Brookes, the CEO of Mortgages of Canada, told BNN in an interview.
The Toronto Real Estate Board released survey data on Friday showing 30 per cent of households in the Greater Toronto Area say it's likely they'll list their home in the next 12 months.
The Toronto-based real estate investment trust says it will use some of the proceeds to buy back and cancel $440 million worth of its investment units.
The 236 purchases by foreigners accounted for 1.8 per cent of all real estate transactions from January to April, the Canada Mortgage and Housing Corp. said in a report.