Despite sales declines, the future looks good for the industry
Brokers can expect the next few years to be fruitful, according to one major bank, with Millenials and immigrants expected to bolster many housing markets.
Many brokers to struggle with high-ratio deals in 2015?
Brokers in one region of the country should expect some difficulty funding high ratio mortgages, after one mortgage default insurer has said it will more closely analyze applications from those clients going forward.
Ten year study reveals surprising stats
A new study, ten years in the making, will help brokers better advise clients who are interested in purchasing one of the most popular property types.
Markets take a hit in January
Home sales dropped in 60 per cent of markets in January, marking the first year-over-year decline since April 2014.
More options for brokers with lender expansion
Brokers across Canada will have even more funding options, following the announcement that one major lender is expanding its network.
Busy year ahead for one broker segment
Brokers operating in an increasingly lucrative segment are in for a busy year, according to one major company operating in the space.
Another negative aspect of collateral charge mortgages
As if collateral charge mortgages needed another knock against them, one broker is having trouble refinancing those clients who find themselves in an uninsured collateral charge product.
Tied selling giving banks an unfair advantage?
Brokers have a tough enough time competing with the banks, and one industry professional believes tied selling -- going by a different name -- continues to skew the playing field.
Brokers in one province to rely largely on refis?
A major bank is forecasting a drastic drop in home sales in one province, but anecdotal broker evidence may prove that some of the lost business can be made up through refinances.
RBC forecasts further interest rate cut
Three out of the five major banks have now predicted further rate cuts to come from the Bank of Canada, though this one doesn’t expect these record rates to last long.