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When Gilbert Hajj walks through his family home in Baie-D’Urfé, Que., these days, he moves like someone navigating a maze — pointing to walls that are staying, those that are going, and spaces that will soon serve new purposes. “This becomes an office… this is a pantry… then we have …
Read More »Homeowners won’t face mortgage stress test if renewing with new lender: OSFI – National
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the Superintendent of Financial Institutions (OSFI) confirmed to Global News on Thursday that it’s ending the need for lenders to …
Read More »Car crashes into living room of Ontario house, forcing homeowners out: OPP
Descrease article font size Increase article font size Two Ontario homeowners are lucky to be walking away uninjured after a car crashed through the front of their house while they were in the room on Wednesday night. Grey Bruce OPP say they were called to the home on Sir Johns …
Read More »Home-sharing platform aims to help refugees, asylum seekers in Toronto – Toronto
TORONTO — A home-sharing platform hopes to connect refugees in need of temporary housing with homeowners who have spare rooms to rent, in an effort to help ease the shelter crisis in Toronto. The non-profit Happipad, which operates in cities across the country, opened up its Refugee Housing Canada program …
Read More »Mississauga, Ont. homeowners warned after series of break-and-enters – Toronto
Descrease article font size Increase article font size Police are warning residents in Mississauga, Ont., to remain vigilant after three similar break-and-enters were reported in the first six days of June. In two of the incidents, Peel Regional Police said a suspect went into people’s homes in the early hours …
Read More »Nova Scotia rent supplement threshold change means people need to pay more to get help – Halifax
A quiet change to a federal-provincial housing supplement means Nova Scotians will have to pay more of their income on housing in order to qualify for government help. Previously, people who spent 30 per cent or more of their pre-tax income on rent or housing costs could qualify for the Canada-Nova …
Read More »ICBC leaves homeowners on hook for thousands after car crashes into condo – BC
Residents of a condo building in White Rock, B.C., are fighting with ICBC about payment for fixes needed after a car crashed into the building late last year. Strata vice-president and treasurer Ken Harverson told Global News it was on Dec. 3, on an icy and snowy night when a …
Read More »Impersonators posing as homeowners linked to 32 property fraud cases in Ontario and B.C.
Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest. Insurance investigator Brian King, president and CEO of King International Advisory Group, said his firm had received 30 such claims in Ontario. They include six …
Read More »Toronto homeowners who were out of town discover their property was fraudulently sold: police
The owners of a Toronto home, who were out of town on a business trip, discovered that someone had impersonated them and sold their property without their consent, police allege. Investigators said in January 2022, two people allegedly pretended to be the homeowners and hired a real estate agent. Police …
Read More »Nearly 1 in 4 homeowners say they’d have to sell home if interest rates rise more, according to survey
Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. The survey, conducted between April 14 and April 20, also found that 18 per cent of homeowners polled are already …
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