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29 03, 2015

Canadian real estate marketers create bold plan to get developers to donate houses to world’s poor

From the Financial Post

http://business.financialpost.com/2015/03/27/canadian-real-estate-marketers-create-bold-plan-to-get-developers-to-donate-houses-to-worlds-poor/

It’s the essence of business innovation to apply one business concept to another, completely different, business field. It’s also becoming increasingly common; just about every business model has been copied by someone launching a venture in a different venue.

There is perhaps no more iconic career advice than that offered by protagonist Benjamin in The Graduate: plastics. Due to its environmental challenges, the material has lost its sheen but the Plastic Bank may help change that. It is among a new crop of innovative social entrepreneurial ventures proving that, with consumer demand on your side, waste can be re-born as a valuable commodity.

But it’s markedly different in the charity world. There, solicited donation is the most common form of fund generation, with some exceptions.

Vancouver real-estate marketers Peter Dupuis and Sid Landolt have created World Housing, the world’s first 1-for-1 real-estate gifting model, which builds housing for third-world communities in garbage dumps. The partners in S&P Real Estate […]

25 03, 2015

Mortgage insurer exercising heightened vigilance in Alberta real estate market

http://calgaryherald.com/business/real-estate/mortgage-insurer-exercising-heightened-vigilance-in-alberta-real-estate-market

Mortgage insurer Genworth is making changes to its underwriting practices in Alberta as it braces for an increase in delinquencies in the region.

President and chief executive Stuart Levings said Genworth is exercising “heightened vigilance” in underwriting home purchases in Western Canada in light of the sharp decline in oil prices.

“We haven’t pulled out of the market by any means,” Levings told an investor conference hosted by National Bank on Tuesday.

“What we’re doing is we’re looking at the stacked risk factors a lot closer — so people that have higher debt service ratios, that are employed in the oil and gas sector, that may be dependent on one income versus two, that are buying a home with five per cent down — we’re going to take a lot closer look at that deal.”

Levings said deals with multiple risk factors represent about 10 per cent of the business that Genworth does in the region.

Mortgage defaults, which have been at all-time lows […]