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One broker believes clients now putting less than 10 per cent down will be more overleveraged than those who purchased with zero down.
A Genworth report highlighting the financial responsibility of first-time buyers appears to contradict the insurer’s move to increase costs for those buyers.
Toronto’s real estate market during the month of March was impacted by the oldest story in the book: that of limited supply and skyrocketing demand.
An average $5-a-month hike to mortgage insurance premiums may seem inconsequential, but brokers believe the effect on homebuyer equity will prove disastrous.
CAAMP released its annual ethics complaint summary for 2014, and the vast majority of complaints were made against new CAAMP applicants.
A former mortgage administrator has been found guilty of fraud in a case that the Ontario Securities Commission is referring to as a “large-scale, sophisticated mortgage investment scheme” akin to a Ponzi scheme.
Many brokers scoff at bank “relationship pricing” but at least one professional believes they are creating a more informed public: Which will benefit the broker channel.
One private insurer has quickly followed CMHC’s lead and upped its rates
Another banking veteran, now a broker, is criticizing the increasingly close relationship between Realtors and some of the big six banks, suggesting it comes at a disadvantage to clients.
After postponing the federal budget in mid-January, Finance Minister Joe Oliver has scheduled the budget for Tuesday, April 21.