Justin Da Rosa is a journalist with Canadian Mortgage Professional.
Canada’s real gross domestic product (GDP) fell 0.1 per cent in January due in part to sagging construction and diminishing output from real estate professionals.
At least two big banks are finally taking a page out of the broker playbook and focusing on product features instead of rate.
A broker may have had his record-low rate snubbed by RateHub, but a competing rate site plans on listing it as long as the product is on offer.
The broker who had his rate removed from RateHub.ca alleges he has also been barred from using the site in the future.
Brokers are poking holes in one analyst’s prediction that Canada’s housing market is in dire straits, accusing him of ignorance when it comes to Canada’s oil industry – and the economy’s reliance on it.
The Governor of the Bank of Canada Stephen Poloz has gone into damage control mode, defending the bold actions carried out by the BoC in January when it shocked the market with a rate cut.
In a comprehensive study of condo markets across Canada, Genworth and the Conference Board of Canada are predicting a soft landing in most cities, with some expected to see more significant price drops.
With regulations around bidding wars about to change, one broker has developed a program he believes will revolutionize the real estate industry and make the homebuying process much more transparent.
One broker is giving bank mortgages a good ribbing with a video that’s gone viral and stirred some leads.
One monoline lender is offering a new product specifically aimed at clients who are willing to sacrifice certain mortgage privileges for lower rates.