Click n’ Close pairs 5/1 ARM with down payment assistance for new homes

By: ameer@trustedteam.com

The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage.

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Labour productivity falls 1% in Canada, most since 2022

By: ameer@trustedteam.com

Canadian firms’ output per worker declined for a second straight quarter as the trade dispute with the U.S. intensified.

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Vancouver home sales up almost three per cent in August: real estate board

By: ameer@trustedteam.com

Vancouver-area home sales rose 2.9% in August compared with last year, as the city’s real estate board says the market appears to be recovering “albeit somewhat slowly” from the...

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Strong underwriting helping Canada’s housing market weather slowdown, says OSFI’s Routledge

By: ameer@trustedteam.com

OSFI chief Peter Routledge outlined his views on housing, bank capital buffers and credit unions, stressing the resilience of Canada’s financial system.

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Figure Technology seeks $508M in long-awaited IPO

By: ameer@trustedteam.com

Figure Technology files for a $508M IPO, while co-founder Mike Cagney secures long-term control and a retention award tied to the company’s growth.

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Lisa Cook blasts Trump’s ‘cut-and-paste’ mortgage fraud claims

By: ameer@trustedteam.com

Federal Reserve Governor Lisa Cook’s lawyers blasted President Donald Trump’s move to oust her as based on nothing more than a pack of “cut-and-paste” allegations related to mortgage fraud.

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Freddie Mac, ex-execs win in 2008 fraud suit

By: ameer@trustedteam.com

A pension fund has been suing former executives over two decades for misleading investors about the company’s subprime holdings before the financial crisis.

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Calgary home prices dip as inventory climbs to highest August level since 2019

By: ameer@trustedteam.com

More homes on the market are cooling prices, with condos and row houses seeing the steepest declines

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CIBC sees mortgage arrears rise in Toronto, Vancouver but says losses unlikely

By: ameer@trustedteam.com

Mortgage arrears are edging higher in Toronto and Vancouver amid rising unemployment, but CIBC says strong equity buffers and low loan losses keep the portfolio resilient.

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What brokers need to know about upcoming changes to appraisal reports

By: ameer@trustedteam.com

The URAR is getting a facelift, which one veteran appraiser believes will make the report better

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