Getting Keys and Closing Deals

FINTRAC’s anti-money laundering and anti-terrorist financing requirements will apply to the Mortgage Sector- Lenders, Administrators and Brokers- as of October 11, 2024. On this episode, I break down what you will have to to do as a stakeholder comply with FINTRAC's requirements, as well as consequences for non-compliance.

Read more on FINTRAC's website: https://fintrac-canafe.canada.ca/re-ed/mortgage-hypotheque-eng

The Canadian government is extending its ban on foreign purchase and ownership of residential property in Canada by an additional two years!

Let's talk about it.

Did you know that there is a limit to the amount of interest a lender in Canada can charge on loan transactions? A limit beyond which your loan transaction becomes a criminal offense? Even better for borrowers, the Canadian government is now proposing a reduction to that limit. In this jungle, it's the lenders who can be predators and the government seeks to protect the preys.

On this episode, I break down the proposed regulation to reduce the Canadian criminal interest rate, as well as the exceptions and nuances to this proposed reduction.

When you are done listening, remember too follow this show for instant notifications on coming episodes.

As a bonus, here's an article you can read to learn more: https://gowlingwlg.com/en/insights-resources/articles/2024/criminal-interest-rate-overhaul/

Welcome to a new episode of "Getting Keys and Closing Deals." In this episode, we explore a fundamental question within the context of real property sale and purchases: "What Value Do Lawyers Bring Anyway?"

I unravel the distinct contributions lawyers make to real estate transactions, moving beyond the realm of brokers. In a clear breakdown, we'll explore how legal expertise safeguards your interests, ensures compliance, and adds an invaluable layer of protection to your property deals.

Subscribe now to gain a deeper appreciation for the legal edge that goes beyond brokers and unlocks the full potential of your property transactions.

On this episode, I tell you a tiny bit about myself, and the trajectory this podcast will be taking.

I'm so excited to learn together!