September 15, 2020, by Kevin Orland Three of Canada’s six biggest banks said they expect most borrowers who took advantage of pandemic-related deferral programs to resume payments, countering fears of a sharp increase in impaired loans. Chief Executive Officer Brian Porter said in the statement that Scotiabank now has $39 billion (US$30 billion) of deferral…
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September 25, 2020, by Samantha Craggs The city of Hamilton is looking at the possibility of modular homes, which are homes made in a factory, transported and rebuilt on site as a solution to Hamilton’s affordable housing crunch. Coun. Chad Collins (Ward 5, Centennial) says It’s a concept that’s worked in Vancouver and Toronto recently…
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September 14, 2020, by Sean MacKay Researchers from Ryerson University’s Centre for Urban Research (CUR) say that the trend of Millennials taking advantage of the low mortgage rates due to the pandemic’s economic impact to buy single-family suburban homes in the outer areas of the City of Toronto and surrounding GTA is weakening the condo…
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