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Economists are almost split down the middle as to whether the Bank of Canada will cut its rate later today, and one industry association is warning against it.
Exponential year-over-year volume growth has prompted one national broker network to add a new president to its team.
Can brokers expect a second rate cut this week?
The industry player may have just upped his professional profile, with a leading position at a not-for-profit organization often considered a role model for CAAMP.
CAAMP will take the opportunity to re-evaluate its future in the wake of its long-serving president and CEO’s departure.
Broker dismisses “shadow” lending talk as “nonsense”.
CAAMP has announced the departure of its long-serving president and CEO with a promise to “re-examine CAAMP’s organizational structure.”
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
Brokers in this one market may lament record-setting prices feared to price clients out of the market, especially considering what type of client is most affected.
Record low rates are dramatically changing the nature and the frequency of broker buydowns, say industry players pointing to the bottom line.