Royal Bank of Canada boosted its first-quarter net income by 24 per cent to $3.03 billion
The confidence of Canadian consumers is still hovering around the highs for the year so far but dropped last week.
Low mortgage rates have boosted affordability in the US housing market in the first quarter of this year but are likely to be volatile in the coming months.
A highly influential rate forecast is offering great news for brokers, but also a little bad.
Sales activity continues to defy expectations, with Canadians taking advantage of warm weather and low rates in April for a 10 per cent spike in sales volume.
The Canadian Mortgage Awards are set for this Friday, with the event’s sponsor – a leading lender – speaking to the importance of that recognition of excellence.
Industry players have been critical of one big bank’s promises for the future.
One big bank’s ongoing solicitation of real estate agents for referrals is frustrating brokers, who see it as a ploy to move mortgage business into the branch.
Recently released data by one big bank points to Canadian preferences for mortgage products points to a need for more education among homebuyers, suggests one broker.
Brokers in this one main market enjoyed a booming start spring, despite previous worries of a market downturn.
Some households are carrying too much mortgage debt even if the housing market remains stable.