Brokers weigh in on market share drop
Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.
Lender launches mobile consumer app
One major monoline lender has become the first to launch its own mortgage calculator app for iPhone, iPad and android devices.
CAAMP: Broker market share shrinking
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.
Exclusive: Lender launches Alt-A offering
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.
Economist: Mortgage credit growth to slow
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.
Lender unveils impressive Q3 results
The parent company of one of Canada’s major lenders announced its third quarter results – its strongest quarter this year.
Reasons for the big-three boom
Most Canadian markets are stagnating but three, in particular, are booming and one major economist has laid out five reasons for this “puzzling” trend.
Commercial landscape in flux
Commercial brokers are already forced to put in long hours for each deal and new data suggests that earning those deals may become harder, with the commercial landscape about to change.
Economist assuages overbuilding fears
Industry players and speculators shouldn’t worry about overbuilding in Canada according to one economist, who believes even the hottest markets are healthy.
Major lender applies for banking license
One of the broker network’s main lenders is applying to the Minister of Finance for a Schedule I bank charter.