Lender Calls – Q3 Roundup

The country’s largest broker-channel lenders recently released their third-quarter earnings, providing an update on how each is faring in this new regulatory environment. Home Capital announced a share buyback of up to $300 million, which caused its shared to jump 24% on the news. Also during its conference call, executives addressed the issue of competition…

Opening New Doors for Fraud Tipsters

RECA makes flagging fraud easier with launch of online anonymous reporting With its fraud investigation numbers rising in recent years, and a concern there may be even more going unnoticed, the Real Estate Council of Alberta wants to ensure there are no barriers to the reporting process — which can pose uncomfortable obstacles for individuals inside…

National Home Sales and Prices Soften in October

National home sales and prices softened this October, according to recently released data by the Canadian Real Estate Association (CREA). Home sales edged down 3.7% year-over-year and 1.6% from September to October. Sales slowed in over half of local markets, especially in Greater Vancouver and the Fraser Valley, which offset slight gains elsewhere, like in…