Canadians are taking on larger mortgages, but are they having trouble paying them down?
Fewer lenders are allowing brokers to choose their own appraisers, and players are once again airing frustration about the appraisal process; a process one appraiser refers to as “a total racket."
A bank road rep tell-all has brokers’ backs up after he suggested the channel’s deals are “dirtier” than those funded on the bank side. But at least one lender has come to the aid of his channel player partners.
Lower immigration from other countries and fewer Canadians moving to Alberta from other provinces will play a part in rising condo rental vacancies in Edmonton this year.
If you’re looking to have a shorter commute then Vancouver, Toronto and Ottawa may be poor choices for you.
Consumer confidence in the economy was on the rise again last week according to the latest Bloomberg Nanos Canadian Confidence Index.
Those earning $150,000 or more in New Brunswick will find that they are in a new tax bracket following the province’s budget.
A new poll by CIBC has revealed that more and more Canadians are opting to lock in monthly payments, betting that mortgage rates won’t fall any further in the near future.
The biggest of the big banks has brought back its “employee pricing” on mortgages, but the industry argues brokers will be the biggest beneficiaries.
Canada’s real gross domestic product (GDP) fell 0.1 per cent in January due in part to sagging construction and diminishing output from real estate professionals.
At least two big banks are finally taking a page out of the broker playbook and focusing on product features instead of rate.