Justin Da Rosa is a journalist with Canadian Mortgage Professional.
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.
The government must clear up confusion about what is and isn’t a “grow-op,” warns a broker concerned healthy properties are getting pulled up with the weeds.
Brokers credit their expertise and value add for helping them win back market share, but one lender is warning that the big banks are now utilizing similar tactics.
Not every city has the infrastructure to handle behemoth prehistoric beings, and one rises above the rest as the most likely to handle the task.
Brokers who want a more lucrative fee model may have to fight for it, suggests one industry veteran.
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.