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Are broker channel lenders ready to fight the big banks on the prime side?
New data suggests Canadians are being encouraged to take on mortgages they would not be able to afford in the event of even a slight rate increase.
Canadians are becoming more educated about mortgages and turning to brokers in higher numbers, according to industry players.
Any further mortgage rule tightening could have a drastically negative impact on the overall economy, according to one leading organization.
Many brokers have experienced a slowdown in Alberta – and while others have braced for a downturn that never materialized, players may not yet be in the clear despite recent Bank of Canada optimism.
Brokers aren’t ready to give up without a fight, according to new details about mortgage market share released by CAAMP.
Brokers are reporting slower deal conversions on the B-side as lenders are requiring more documentation in the wake of new regulations.
Brokers have been frustrated by too much government oversight in certain areas, but when it comes to this one issue, many believe the government should step in.
Multi-unit starts in three regions paved the way for an increase in overall Canadian housing starts in May, but a slight moderation is also in the offing.
Lenders are offering brokers false promises in answer to a very big gripe.