New home prices spike in May while sales slip following release of Ontario’s housing plan
It may be a controversial tactic, but one broker has admitted to using it to discourage clients from shopping for rate at the big banks.
The International Monetary Fund has suggested the Canadian government should tighten the lending rules for uninsured mortgages, which it believes are contributing to an overvalued housing market.
At least one economist is backing up the advice so many agents offer clients paralyzed by the kind of overvaluation fears stirred by an IMF report this week.
A report from the BMO economist Sal Guatieri suggests that the spring house buying season is already booming in Toronto and Vancouver.
RBC “feels good” about Canada’s housing market.
After six consecutive weeks of falling figures, consumer confidence turned slightly last week, at least at first glance.
Montreal’s planned reconstruction of Ste-Catherine St. must be done swiftly and with minimal disruption or its future as a major commercial artery in the city will be at risk.
The Real Estate Council of Alberta has announced an Alberta-based mortgage broker has had his license suspended for refusing to cooperate with an investigation.
Government interference in the mortgage industry has a history of frustrating brokers, but one leading player believes CMHC changes could be the key to reining in collateral charge mortgages.
Brokers often complain about the prevalence of part-time brokers and one industry professional has suggested higher fees and emulating the real estate agent model could rectify the problem.