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It was a busy week for FSCO and brokers are applauding the commission's efforts.
In a one-on-one interview with MortgageBrokerNews.ca, one economist discussed the biggest issues facing brokers in 2015 as well as a forecast for the condo market over the next few years.
Six Canadian independent mortgage brokerages announced today their inaugural membership in the Coalition of Independent Mortgage Brokers of Canada (CIMBC).
Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.
One major monoline lender has become the first to launch its own mortgage calculator app for iPhone, iPad and android devices.
CAAMP’s annual fall mortgage industry report indicates that broker market share has fallen on a year-over-year basis, a large chunk of which has gone to the big banks.
Brokers will now have another option for Alt-A mortgages, with one major lender announcing an alternative product that will target a brand new customer base.
CAAMP’s chief economist, Will Dunning, postulates the mortgage credit growth rate in Canada will slow down in the near future, citing a number of contributing factors.
The parent company of one of Canada’s major lenders announced its third quarter results – its strongest quarter this year.
Most Canadian markets are stagnating but three, in particular, are booming and one major economist has laid out five reasons for this “puzzling” trend.