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Comparing the Canadian and American markets may be akin to apples and oranges, despite critics fearing a similar downturn at home.
Forget shorter amortization periods: One broker believes a mortgage grace period would be more beneficial for first-time buyers.
Industry professionals have long felt foreign investors are inflating Canada’s market, but that may not be the case.
One industry association is lobbying for longer amortization periods for first-time homebuyers, but brokers aren’t exactly sold on the idea.
It’s praise brokers may feel they don’t get enough of, but one lender is commending how brokers have handled mortgage rule changes.
The Coalition of Independent Mortgage Brokers of Canada (CIMBC) caused a stir among industry players when it was launched in late 2014, and it has since won valuable lender support.
One broker lays out how a fee-based model might look like for the mortgage brokers, but is it a shift the industry should consider?
Brokers fear resurgence of high interest loans in wake of refinance LTV limits.
The Crown Corporation reiterates its dedication to determining prevalence of foreign investment on the heels of additional critics questioning data gaps.
Lenders are backlogged, creating a delay in offering commitment letters and brokers are frustrated as a result.