CMHC to get back to its roots
The Canada Mortgage and Housing Corporation (CMHC) will shift its priority back to its originally intended purpose: helping Canadians buy homes they can afford.
Brokers: Advising clients on new builds
Many buyers in hot housing markets across Canada choose to purchase new build houses and condos and with several of them encountering issues after contracts are signed, brokers have figured out keys to advising these clients.
Spring market heats up
Brokers in 80 per cent of Canada's markets likely experienced a recent surge in business as sales continued to heat up with the weather.
Oliver responds to calls for more housing regulation
Joe Oliver responded to the critics calling for more active participation from the minister in reining in housing industry and cooling mortgage rates.
Broker calls for government to change its focus
Home prices are at an all-time high and mortgage rates are at an all-time low, leading many pundits to wonder what, if anything, the Canadian government will do to rein in the industry. One leading broker has an idea that doesn’t involve regulation changes.
Brokers push back against industry trend
Rate discounting may be a necessity these days but many brokers are pushing back by drawing attention to the added value of advising clients about more than just rate.
Brokers debate: How much control should government have over market?
Following one industry professional’s argument that Finance Minister Joe Oliver should interfere in the mortgage lending industry, two brokers debate the role of government in regulating the housing market.
Oliver's hands-off approach bad for the industry?
Brokers often lamented former Finance Minister Jim Flaherty’s willingness to tinker with mortgage rules and regulations but one industry professional believes current minister, Joe Oliver’s laissez-faire approach could have disastrous effects.
Brokers discuss client disclosure and credit unions
Credit Unions are quickly gaining market share and favour among brokers with their competitive rates but industry players realize proper client disclosure is required.
Lender policy change costs broker
One broker has a beef with a lender after a number of his mortgages were not honoured following a policy change.