Report finds $5B laundered through B.C. real estate in 2018

An expert panel looking into money laundering in B.C.’s real estate market has found an estimated $5 billion in “dirty money” was laundered through the province’s housing market in 2018.
The panel found that illegal activity contributed to increasing the cost of buying a home in the province by at least five per cent.

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VERICO NVEST+ spring training and 2018 Awards.

VERICO NVEST+ spring training and 2018 Awards.

I was lucky to earn the Executive Club Award!
Thank you to my clients, friends and business partners!

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Update on CMHC’s First-Time Home Buyers Incentive

Details have been few and far between on the government’s new First-Time Home Buyers Incentive (FTHBI) since it was announced in last month’s budget. But CMHC has finally provided a little more clarification.

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Mortgage Industry Reacts to Liberal Budget

Hoping for minor tweaks to the mortgage stress test, the Liberal government’s 2019 budget instead left many in the industry underwhelmed and with more questions than answers.

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Homebuyers to get new mortgage incentive

Can’t afford to buy a house? The government may take on part of the cost.

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Personal Achievement Award-2019 Capital Mortgages

We enjoyed a wonderful evening at ALE - Amberwood Lounge & Eatery last night bestowing our team with some well-deserved awards for their fantastic performance in 2018.

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Bank of Canada increases overnight rate target to 1 ¾ per cent

The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

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CMHC Changes Make it Easier For Self-Employed To Get Mortgages

CMHC is making policy changes to help self-employed Canadians obtain mortgages. The self-employed comprise about 15% of Canada’s population, says the crown 

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'China's Amazon' to start selling Canadian real estate

Chinese consumers can now buy Canadian homes online through a deal inked with Juwai.com, China’s largest real estate website selling international properties, and JD.com, which is China’s 

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In mortgages, what’s old is new again

In mortgages, what’s old is new again – the one week’s salary rule.
Rising house prices have pushed most Toronto real estate beyond the 25-per-cent-of-monthly-salary maxim.

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Equifax Launches Income Verification System

Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage. 
But there’s one problem. Unlike in the U.S. where 

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Bank of Canada increases overnight rate

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.

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OSFI is reinforcing a strong and prudent regulatory

OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting
News Release
For Immediate Release

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Genworth Canada’s Homeowner Assistance

Please see attached Genworth Canada’s Homeowner Assistance Flooding Relief for homeowners impacted by the recent floods in parts of our country.

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Ontario slaps 15% tax

Ontario slaps 15% tax on foreign buyers, expands rent control in 16-point plan to cool housing

The Ontario government moved forward Thursday with initiatives to rein in the housing market in and around its largest city, announcing 16 new measures including a 15 per cent tax on foreign buyers and expanded rent control rules.

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If you have questions

If you have questions on how to make your mortgage work for your financial plans, talk to me.
I’m a mortgage expert and I’m committed to providing the best mortgage advice to all my clients.

Talk to me :)

Elena Roy
Mortgage Agent
Licence # 12001012

Tel: (613) 697-7801
Fax: (613) 482-4839

elena@capitalmortgages.com

   Kanata Office

   200 - 260 HEARST WAY
   KANATA, ON,
   K2L 3H1

 

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