Ex-Ontario Mortgage Broker Fined $600,000 Over Misconduct Charges

Ex-Ontario Mortgage Broker Fined $600,000 Over Misconduct Charges

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed six administrative monetary penalties totaling $600,000 against Claire Drage, a former mortgage broker in Guelph, Ontario. In a press statement, FSRA accused Drage of engaging in “a prolonged...

Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments

In order to pay for a typical Ontario home, families earning the local median income need to devote more than 50% of their after-tax earnings to monthly mortgage payments if they live in the province’s 14 urban centers – and that share rises to more than 110% if they...