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Recent New Glasgow Real Estate News

CMHC’s HMA. Why Lenders Care
Thu, 01 Jan 1970 00:00:00
Last week, CMHC’s Housing Market Assessment (HMA) cited “strong evidence” of increased housing risk in Toronto, Calgary, Saskatoon and Regina. Here’s a visual summary of the insurer’s findings:   Many don’t realize it, but mortgage lenders take these assessments seriously, and for multiple reasons. For example: CMHC factors in HMA risk when deciding whether to approve an insured mortgage. While CMHC says its loan eligibility criteria is the same in all markets throughout Canada, it adds: “HMA is considered in emili as a factor which influences the risk of an application…CMHC’s decision to insure a loan is based on an overall risk assessment of READ MORE

FICOM Announces Comp Disclosure Plans
Thu, 01 Jan 1970 00:00:00
B.C.’s mortgage broker regulator, FICOM, updated the industry Friday on the contentious new compensation disclosure guideline. (More on that contention) FICOM said it processed 70+ comments about the new policy. Here’s what it concluded: Simpler Disclosures are Better The Mortgage Brokers Act regulations prescribe a one-page “Form 10” that brokers should use to identify conflicts of interest that might sway the broker’s advice. This form will replace the multi-page version that’s widely used today. According to Carolyn Rogers, the Registrar of Mortgage Brokers at FICOM, “Most consumers will find the prescribed one-page Form 10 simpler to absorb than the multiple pages in READ MORE

QEII redevelopment, VG move update lacks new information
Thu, 05 May 2016 23:59:26
The Nova Scotia government tried a social media experiment to explain its QEII redevelopment and Victoria General Hospital move Thursday evening.

Scrubbing Halifax of founder's name to be considered at council
Thu, 05 May 2016 22:23:35
Edward Cornwallis founded Halifax in 1749, and later that year, issued a bounty on the scalps of Mi'kmaq men, women and children.

New Glasgow Homes for Sale & Real Estate Listings

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