Clarrie Feinstein

Toronto

Reporter at The (Toronto) Star

business, real estate reporter @TorontoStar | UofT & NYU alum

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Articles

Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

3 weeks ago | stcatharinesstandard.ca | Ana Pereira |Clarrie Feinstein

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

3 weeks ago | thespec.com | Ana Pereira |Clarrie Feinstein

Canadian workers in industries threatened by U.S. tariffs could soon have a harder time qualifying for a mortgage, warn mortgage brokers, as one major bank has already restricted lending and others are expected to make similar moves. In an internal memo shared with brokers, BMO recently announced it would tighten lending criteria for self-employed borrowers working in aluminum and steel as well as other “high-risk” industries, including manufacturing, farming and natural resources.
Ontario cottage country enters sluggish spring market following dip in prices, report says

4 weeks ago | thespec.com | Clarrie Feinstein

Ontario’s cottage country is off to a sluggish start to the spring market as the majority of properties sit for longer this year compared to last, with activity expected to remain dampened. However, winterized cottages remain the most sought after. Despite lower interest rates, demand for recreational homes has been softer than usual as the spring market kicks off, according to a Royal LePage report published Wednesday.
Ontario cottage country enters sluggish spring market following dip in prices, report says

4 weeks ago | stcatharinesstandard.ca | Clarrie Feinstein

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

1 month ago | thespec.com | Clarrie Feinstein

Tarion provided “the highest amount of consumer support in its history” last year, aiding more than 1,000 homeowners who had lost deposits because of builder receiverships. According to Tarion, the provincial new home warranty provider expects to have paid out around $80 million in warranty coverage for purchaser deposit claims in 2024 (the finalized amount will be published in a year-in-review report this spring).
Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

1 month ago | stcatharinesstandard.ca | Clarrie Feinstein

Tarion provided “the highest amount of consumer support in its history” last year, aiding more than 1,000 homeowners who had lost deposits because of builder receiverships. According to Tarion, the provincial new home warranty provider expects to have paid out around $80 million in warranty coverage for purchaser deposit claims in 2024 (the finalized amount will be published in a year-in-review report this spring).
Interest rate cut a ‘silver lining’ for homeowners, but not enough to pull buyers into a spring market, experts say

1 month ago | thespec.com | Clarrie Feinstein

The Bank of Canada cut its key interest rate for the seventh consecutive time, providing relief for variable-rate mortgage holders, but it won’t be enough to get a flood of homebuyers back into the spring market, experts say. “The Bank of Canada’s rate cut is a positive step, but it’s not going to dramatically change the spring housing picture,” said Leah Zlatkin, licensed mortgage broker and LowestRates.ca expert. She said trade tensions and worries about a recession are making buyers hesitate.
Trade war a ‘bucket of cold water’ on Toronto-area real estate market as February sales nosedive

1 month ago | thespec.com | Clarrie Feinstein

Toronto-area home sales plummeted in February and new listings jumped as buyers remain on the sidelines amid the U.S. trade war. Sales in the GTA dropped by more than 27 per cent year over year and new listings increased by 5.4 per cent. The slow sales and increasing supply resulted in active listings surging by 76 per cent in February compared to the same time last year, according to the Toronto Regional Real Estate Board’s (TRREB) February report.
Toronto-area home sales drop over Trump tariffs, uncertainty

1 month ago | thestar.com | Clarrie Feinstein

Toronto-area home sales plummeted in February and new listings jumped as buyers remain on the sidelines amid the U.S. trade war.
Re/Max Canada agrees to ‘substantial’ $7.8-million settlement in lawsuits challenging real estate commissions

1 month ago | thespec.com | Clarrie Feinstein

Re/Max Canada has reached a “substantial agreement” in two class action lawsuits challenging real estate commission structures. According to the company’s fourth-quarter earnings report, the agreement includes a $5.5-million (U.S.) settlement — $7.8 million Cdn. — to address allegations in the Sunderland and McFall class-action cases, which claim that rules mandating home sellers to pay buyer agents’ commissions inflates costs and limits competition.

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Clarrie Feinstein @ClarrieF

8 Apr 25

RT @Jleerankin: Journalism jobs alert: Applications are open for @TorontoStar's year-long paid reporting and photo internships, as well as…

Clarrie Feinstein @ClarrieF

2 Apr 25

RT @maywarren11: New from @ClarrieF and me on Toronto's pre-construction condo crisis: We reviewed almost 130 lawsuits brought by two devel…

Clarrie Feinstein @ClarrieF

10 Jan 25

RT @anabpereiraa: Callout: Are you a homeowner going through the process of renewing your mortgage? @ClarrieF and I would love to chat abou…

Clarrie Feinstein

Articles

Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

Banks more likely to deny mortgages for workers threatened by Trump tariffs, brokers warn

Ontario cottage country enters sluggish spring market following dip in prices, report says

Ontario cottage country enters sluggish spring market following dip in prices, report says

Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

Tarion deposit payout expected to hit $80 million for 2024, the highest in its history — with majority of claims for illegally sold homes

Interest rate cut a ‘silver lining’ for homeowners, but not enough to pull buyers into a spring market, experts say

Trade war a ‘bucket of cold water’ on Toronto-area real estate market as February sales nosedive

Toronto-area home sales drop over Trump tariffs, uncertainty

Re/Max Canada agrees to ‘substantial’ $7.8-million settlement in lawsuits challenging real estate commissions

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