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New Ownership for Unfinished Ontario Condo Complex

New Ownership for Unfinished Ontario Condo Complex

by Phil Hall | Oct 14, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A mid-rise condominium project in Kitchener, Ontario, that was paused after it ran into financial problems has a new ownership team vowing to finish construction. The Canadian mortgage lender Dorr Capital Corporation, ELM Developments, and Gentai Capital Corporation...
Morguard Breaks Ground on Rental Community in Mississauga

Morguard Breaks Ground on Rental Community in Mississauga

by Phil Hall | Oct 11, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The real estate and property management company Morguard Corporation (TSX: MRC) has begun construction of as new purpose-built rental community in the Port Credit section of Mississauga, Ontario. The new development will encompass one nine-story and two eight-story...
Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

Ontario Landlords Accused of Investor Fraud Transfer Businesses to Monitor

by Phil Hall | Jul 3, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Four Ontario landlords were ordered by a Superior Court justice to turn over control of their real estate operations to a court-appointed monitor following accusations they misused roughly $144 million in investor money for lavish personal lifestyle purposes while...

Canada Allocates $5 Million for Shared Equity Mortgages in Ontario

by Phil Hall | May 28, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian government is allocating a $5 million repayable loan through the Shared Equity Mortgage Providers Fund to Ourboro Inc., which will fund shared equity mortgages for first-time homebuyers in the Greater Toronto Area and select communities across Ontario....
Pineapple Adds Six Ontario Brokerages to Affiliate Network

Pineapple Adds Six Ontario Brokerages to Affiliate Network

by Phil Hall | May 23, 2024 | International Real Estate News

Pineapple Financial Inc. (NYSE American: PAPL) has signed six affiliate mortgage brokerages to its network in Ontario. The six brokerages joining Pineapple’s affiliate network are: CRE Capital Canada, Toronto Top Notch Financial, Maple Tailored Finance Inc.,...
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