The Real Estate Show: Conservative MP Tom Kmiec denounces mortgage “gimmicks”

This year’s federal budget had some big-ticket items for real estate and, most importantly, some incentives for first-time homebuyers. But these measures are gimmicks, according to Conservative Deputy Finance Critic Tom Kmiec, member of Parliament for Calgary Shepard. On a recent episode of CJAD 800 Montreal’s Real Estate Show, Kmiec told host and North East…

Stress test leading to alternative lending

A new report by CIBC suggests the mortgage stress test is leading more people to look to the alternative lending market to get financing for their homes. The report confirms what some in the industry, including North East Mortgages president Terry Kilakos, have been reporting for months, most recently in an interview with Montreal’s Global…