Latest News

Is the Bitcoin Bubble the New ‘Subprime Mortgage’ Bomb?

By: Jack Rasmus Published 12 December 2017 Is Bitcoin the new ‘Subprime Mortgage Bond?’ Just as subprimes precipitated a crash in the derivative, Credit Default Swaps (CDS), at the giant insurance company, AIG, in September 2008, setting off the global financial crash that year—will the Bitcoin and crypto-currency bubble precipitate a collapse in the new …
Read more

Over a third of Canadians have no idea about new mortgage rules changes, but are planning on buying a home anyway

Sarah Niedoba Nov 29, 2017 Yesterday, the Bank of Canada reported that new mortgage rules, set to take effect on January 1, could disqualify almost 10 per cent of prospective homebuyers. But, according to a new survey, it seems many Canadians have never heard of the rule change at all. Polling from RE/MAX has found …
Read more

Ontario regulator ignored warnings on risky mortgage investments

In June 2014, regulators were investigating syndicated mortgages linked to Fortress Real Developments, a major force in Canada’s multibillion-dollar market for the risky investments. Compliance officers at the Financial Services Commission of Ontario (FSCO) had evidence that syndicated mortgages were being marketed and sold in ways that broke the law, putting the savings of thousands …
Read more