Aviva Canada, the Toronto-headquartered property and casualty insurance group, has invested in OneClose Inc., a fintech that helps the owners of newly constructed Canadian condominiums save thousands of dollars in interim fees. Consumers who buy a newly built condo in...
Nearly one-third of Canadian homeowners have fallen into despair over their mortgage situation, according to a new survey conducted by the Real Estate and Mortgage Institute of Canada (REMIC). In a poll of 1,000 Canadian adults, 34.1% of respondents said that “they...
Toronto-headquartered Scotiabank has launched a tax-free First Home Savings Account (FHSA) designed to help Canadians purchase their first home. According to Scotiabank, the FHSA enables lets first-time homebuyers contribute up to $8,000 each year, with a maximum...
Canada’s home sales dipped by 0.7% month-over-month in July, even though number of newly listed properties rose 5.6% month-over-month and sales were up in more than half of all local markets. According to data from the Canadian Real Estate Association (CREA), a...
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...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
