International News
Ex-Calgary Realtor Behind Ponzi Scheme Banned from Alberta’s Real Estate Industry
Eric Drinkwater was licensed with RE/MAX Central since 2005. Continue Reading Ex-Calgary Realtor Behind Ponzi Scheme Banned from Alberta’s Real Estate Industry
California Man Sentenced for Belize-Based Real Estate Scam
Andris Pukke was convicted of wire fraud and obstruction of justice on July 10. Continue Reading California Man Sentenced for Belize-Based Real Estate Scam
Toronto Home Sales and Prices Declined in May
The average selling price of $1.16 million, down by 2.5% over the May 2023 result of $1.19 million. Continue Reading Toronto Home Sales and Prices Declined in May
Bank of Canada Announces First Rate Cut in 4 Years
The central bank said its “monetary policy no longer needs to be as restrictive.” Continue Reading Bank of Canada Announces First Rate Cut in 4 Years
Vancouver Home Sales Slump Despite Spike in Inventory
The total number of properties currently listed for sale is 13,600, a 46.3% increase from one year before. Continue Reading Vancouver Home Sales Slump Despite Spike in Inventory
FractIt Completes Pilot Program for Tokenizing a Condo
The condo was tokenized into 235 Fractables, each priced at $1,000. Continue Reading FractIt Completes Pilot Program for Tokenizing a Condo
Global Analyst Poll Predicts Continued Evaporation of Affordable Homeownership Opportunities
The world’s major economies will continue to face rising house prices and diminished affordable homeownership opportunities in the near future, according to a Reuters poll of roughly 100 property analysts in the U.S., Canada, the U.K., Germany, India, Australia and...
One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Most Canadians believe lower interest rates will make it more affordable for covering mortgage costs. Continue Reading One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Canada Allocates $5 Million for Shared Equity Mortgages in Ontario
The shared equity mortgage typically requires no monthly payment and is repaid along with a percentage of property appreciation when the property is sold. Continue Reading Canada Allocates $5 Million for Shared Equity Mortgages in Ontario
European Central Bank Readies for Rate Cut Next Week
The ECB’s planned actions would follow recent cuts enacted by the Swedish, Swiss, Czech and Hungarian central banks. Continue Reading European Central Bank Readies for Rate Cut Next Week
Mainstreet Equity Corp. Reports Cybersecurity Incident
Specific details on the exact nature of the incident were not disclosed. Continue Reading Mainstreet Equity Corp. Reports Cybersecurity Incident
Serge Brousseau Named Board President of Quebec Brokers Group
QPAREB also elected Marie-Claude Génie as vice president of its board of directors. Continue Reading Serge Brousseau Named Board President of Quebec Brokers Group
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