The Canadian fintech Bloom Finance Co. Ltd. expanded the availability of its reverse mortgage release platform to homeowners ages 55 and older in Alberta. The expansion follows Bloom’s launch in Ontario in 2021 and British Columbia in 2022. Bloom is the first...
One of the world’s hottest luxury homes markets is Mumbai, India, where the sales of residences costing $1 million and higher increased by 50% during the first half of this year. According to a report in FXCompared.com, the sale of new luxury homes in Mumbai during...
The Institute for Economics and Peace (IEP) has published its 2023 Global Peace Index (GPI), which measures nations by their internal state of peace. And out of a list of 163 nations, the U.S. ranks 131st. What went wrong for the U.S.? For starters, the Global Peace...
Rocket Mortgage Canada, a digital mortgage broker and part of Rocket Companies (NYSE: RKT), has expanded its operations to become a mortgage lender. The company is currently offering its own mortgage products in Ontario, where it is headquartered, and plans to expand...
Hilco Real Estate Finance (HREF), a Northbrook, Illinois-based real estate bridge lender, is bringing its short-term property finance expertise to the U.K. market. According to the company, HREF will provide their U.K. clients with loans ranging from £1 million to £50...
The Canadian market recorded 234,974 housing starts in June, up from 229,520 units in May, according to new data from the Canada Mortgage and Housing Corp. (CMHC). CMHC’s measure is a six-month moving average of the monthly seasonally adjusted annual rate (SAAR) of...
