Exceptionally strong value gains across much of the country helped limit the Ouch! factor for many brokers grappling with CMHC rule changes on refis, with the Crown corporation suggesting that segment of its book has begun to bounce back. Canadian Mortgage Broker news
While home sales and prices continue to moderate and even fall in some parts of the country, a new report finds that demand for high-end housing is ahead of last year’s pace.
Canadian Mortgage Broker news
Managing your mortgage obligations while trying to save for retirement isn’t getting any easier for Canadians, with a new poll revealing that over half expect to carry their mortgage into their retirement years.
Offering client more than mortgages is one strategy brokers use to diversify their revenue streams. Which services are brokers looking to add?
Canadian Mortgage Broker news
It’s the kind of due diligence that may cause brokers short-term pain, but many are acting nonetheless as the voice of reason for a growing number of clients caught up in bidding wars and in real jeopardy of compromising their futures.
Canadian Mortgage Broker news
It’s a buzz killer for young agents looking to escape competitors in larger cities, but the idea of virgin territory anywhere in Canada no longer exists, says one seasoned player.
Canadian Mortgage Broker news
For one broker it’s the elephant in the room that no one wants to talk about: the fact that the industry continues to fight banks on rate when it is clear it can no longer do so successfully.
Broker criticism of OSFI’s proposed guidelines may carry little weight with the regulator, its policy head answering and, perhaps, dismissing concerns those changes go too far.
Canadian Mortgage Broker news
Regulators are sending a caution to brokers prepared to fudge the truth for clients, fining one errant professional more than $ 30,000 for a lapse jeopardizing lenders, but also the industry’s reputation.
Canadian Mortgage Broker news
FED GOVT KEEPS TALKING ABOUT TIGHTENING MORTGAGE LENDING POLICIES But why? Why does the govt believe there is a need for all this change? That’s the question most industry insiders are asking. Here are some facts with my thoughts mixed in…. tell me if you see some contradiction between the different branches of the govt [...]
CanadaMortgageNews.ca
Canadian builders are showing little fear of a slowdown, as housing starts last month hit their highest level nationally since September 2007, according to the federal housing agency.
Canadian Mortgage Broker news