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No Major Changes in Mortgage Demand
Mortgage application activity was little changed last week as higher mortgage rates continued to weigh on purchase demand. The Mortgage Bankers Association (MBA) reported a 0.4% decrease in total application volume on a seasonally adjusted basis for the week ending August 14. Purchase applications decreased 2% from the previous week on a seasonally adjusted basis…
Ontario appeal court revives settling investors’ claim to $11.3 million
Two lawsuits were filed in 2017. A court later ordered part of the sale proceeds paid into court, where the amount grew to roughly $11.3 million with interest. Before trial, 11 investors settled with the Vuletics for reduced, capped amounts rather than risk litigation. The remaining investors went to trial and won, with a judge…
Anthropic’s IPO push collides with Amodei’s call to slow AI
Dario Amodei, co-founder and chief executive officer of Anthropic, during an interview on “The Circuit with Emily Chang” at Anthropic’s headquarters in San Francisco, California, US, on Thursday, April 30, 2026. Jason Henry | Bloomberg | Getty Images Anthropic’s road to an IPO just got a lot bumpier. While the Claude creator meets with prospective…
Canadian office vacancy falls for fourth straight quarter: CBRE
Seven of 11 Canadian markets recorded positive absorption in the period, with overall net absorption reaching 1.2 million square feet, led by Toronto, Calgary, and Montreal, each of which absorbed more than 300,000 square feet in the quarter. “For the first time since before the pandemic, office leasing momentum remained positive for a fourth consecutive…
CPI Forecast Projects Rent Inflation, Market Growth & More
Demetria C. Lester Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than 10 years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A…
US tariff escalation clouds Bank of Canada rate outlook
The White House’s decision to impose 50% tariffs on a targeted range of Canadian goods has renewed uncertainty over the Bank of Canada’s rate path, reinforcing economist forecasts that the central bank will remain on hold for the rest of 2026, while leaving the door open to easing if trade conditions worsen. The duties, announced under…
