Royal Bank of Canada boosted its first-quarter net income by 24 per cent to $3.03 billion
CAAMP will take the opportunity to re-evaluate its future in the wake of its long-serving president and CEO’s departure.
Broker dismisses “shadow” lending talk as “nonsense”.
Heavier debt loads are contributing to greater numbers of Canadians with bruised debt looking in the alternative space – but one lender isn’t pointing the finger of blame at rising home prices.
CAAMP has announced the departure of its long-serving president and CEO with a promise to “re-examine CAAMP’s organizational structure.”
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
Brokers in this one market may lament record-setting prices feared to price clients out of the market, especially considering what type of client is most affected.
Newspaper headlines thunder that housing prices are out of reach of average homebuyers, yet mortgage brokers’ bottom lines remain healthy – what is the true story?
The high-end residential real estate market saw divergent trends in the first half of 2015, according to Sotheby’s.
Record low rates are dramatically changing the nature and the frequency of broker buydowns, say industry players pointing to the bottom line.
A leading think tank is proposing changes to the mortgage default insurance industry, including building a reserve fund – but at what cost to clients?