Last week, members of our team attended a breakfast seminar hosted by President and CEO of Genworth Canada.
Genworth Canada is our country’s largest private residential mortgage insurer. Their mandate is to make home ownership more accessible to first-time buyers by providing mortgage default insurance to Canadian lenders.
Over coffee and muffins, we caught up with our industry partners and received an update from Genworth’s leadership on requests posed to the regulatory board aimed at further helping first-time buyers access the housing market. Changes include: how the qualifying rate is calculated, how income is calculated for the self-employed, and changes for insured refinances.
We also heard from the Halifax Partnership about the development of an “innovation district” in our city. Their vision is to accelerate entrepreneurship and the commercialization of leading-edge ideas in our region; a vision we can get behind! The Innovation District will enable start-ups, established businesses, incubators, accelerators and post-secondary / research institutions to collaborate, create and improve the way we do things.
Read more about Genworth Canada’s mandate here: http://genworth.ca/en/about-us/index.aspx#
Read more about the Innovation District here: http://www.halifaxpartnership.com/en/home/Invest/industry-news/the-power-of-innovation-and-immigration.aspx
Whether you’re a first-time buyer, an entrepreneur, or simply have a dream, contact us.
You Dream It. We Finance It.