Builder Alexander Werzberger, of Montreal, has been named to the board of Canada Mortgage and Housing Corp. for a three-year term."Mr. Werzberger has been a respected member of the housing industry for many years and has won many awards for his work," said Canada's Minister of Housing and Labour, Joe Fontana. "His experience on the boards of provincial organizations, along with his years of community work, will be of great benefit to CMHC." A builder for over 45 years, Mr. Werzberger has built hundreds of residential buildings, as well as commercial facilities, during his career. The CMHC can be found online at http://www.cmhc-schl.ca.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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