Canadians are taking on larger mortgages, but are they having trouble paying them down?
It’s been said before, but it seems the chorus is contagious – yet another report is calling the Ontario housing market overvalued; but brokers shouldn’t expect prices to fall or commissions to suffer.
The Canada Mortgage and Housing Corporation expects its mortgage insurance total to fall to $535 billion by the end of 2015 according to figures in its latest annual report.
Manulife Financial Corp has announced its first quarter results and revealed that tough times for investments have cut its profits.
The City of Regina is owed millions of dollars in outstanding property taxes according to a report in the Leader Post.
One broker, frustrated by slow underwriting turnarounds, is pleading with lenders to fix the inefficiencies.
Brokers can expect to encounter tighter underwriting for mortgage default insurance in this one province.
It isn’t just brokers concerned about foreign ownership levels – other industry players are voicing concern as well.
Net income at Canada’s MCAN Mortgage Corp was down sharply for the first quarter of 2015 compared to a year earlier.
Investment bank Canaccord Genuity has expanded its capability in real estate investment trusts by hiring a specialist team from MLV & Co.
South of the border the level of mortgage applications has dropped in the latest survey from the Mortgage Bankers’ Association.