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There has been no shortage of opinion following the recently announced mortgage rule changes, and the country’s largest network has now weighed in
The impact of Vancouver’s foreign sales tax, impressive growth among Canada’s largest markets, and the impact of Morneau’s housing measures – those and everything else brokers need to know about the comprehensive report
The new rules will cool the markets in Toronto and Vancouver and improve credit quality, according to the agency
Two association executives met with the members of the office to discuss the broker industry’s concerns about the recent mortgage rule changes
It may be the most overlooked aspect of the Department of Finance’s most recent rule change announcement, but one economist who expects banks will soon shoulder more mortgage risk believes it will have a major impact on consumers
Another monoline lender has announced changes to its lending practices following the recent mortgage rule changes. The changes include an upcoming surcharge for all refinances
A petition requesting the Department of Finance reconsider its recent mortgage rule changes has been launched
"From the Brokers perspective it seems that clarity on the details as they apply to a file are sinking in and pretty clear," according to one industry veteran
One monoline lender has sent brokers a list of changes as a result
The Finance Minister announced three new housing measures meant to ensure stability in the housing market, but one of those – the amended stress test requirements – could impact monolines more so than big banks, according to one veteran broker