Analyst questions CREA stats
One industry analyst is questioning how CREA reports its home sales data, suggesting his own analysis points to a less frenetically paced market.
Brokers split on whether they hope Flaherty runs again
Brokers are divided on whether they feel Finance Minister Jim Flaherty stepping down would benefit the mortgage industry, despite the finance minister’s history of instituting unpopular mortgage measures meant to cool the market.
Second mortgage insurer follows suit
That didn't take long.
One major mortgage insurer wasted no time announcing its own premium changes, following CMHC’s major statement Friday.
Broker: CMHC announcement could have been worse
The CMHC announcement Friday that it is raising its premiums may have allowed brokers to sigh in relief; at least for one, who feared much more intrusive changes from the Crown Corporation
CMHC hike won't slow market, according to one expert
The effects of CMHC’s premium hike remain to be seen, but one industry expert believes it will not slow down the market.
CMHC raises premiums
CMHC is increasing its mortgage insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014.
Network head: Alternative lending key to success
Brokers prepared to dismiss B and C lending may be handicapped in 2014, with one major network head suggesting those brokers who embrace alternative lending will find themselves at the head of the pack.
Broker not intimidated by rate sites, buydowns
Despite increasing competition from rate sites and competitors buying down rate, one leading broker sees the changing industry landscape as an opportunity to refocus business.
2.99 returns; sparks competition
Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.
Broker: Look to China for ideas on cooling market
Hong Kong has found a novel way to cool its housing market and one broker believes a similar initiative could do the same in Canada.