The embattled mortgage lender suffered massive year-over-year losses, but claims it has substantial capital to deploy as it looks become a major player again
Amid the competitive environment of the current mortgage market creativity is winning for many mortgage brokers and lenders.
Economists at BMO Nesbitt Burns forecast that Newfoundland and Labrador will slip into recession this year but Alberta will narrowly avoid one.
Brokers and appraisers have both expressed frustration about appraisal management companies, and now the country’s largest provider is responding to broker feedback.
Brokers have reason to rejoice: yet another economist has suggested that the Bank of Canada is unlikely to increase interest rates.
Brokers in hard-hit Alberta may want to be cautiously optimistic about the country’s latest employment figures, as jobs are up in oil country.
Many Canadian homeowners are choosing to renovate rather than move but their budget is lower this year than last.
A lawsuit is challenging the role of the Bank of Canada and claims that it is not staying true to its constitution.
Economic policies which apply to the whole country do little to curb the hottest markets and Ottawa seems reluctant to meddle too much anyway.
Brokers may have a tougher time getting clients qualified for CMHC insurance, but that isn’t affecting the Crown Corporation’s bottom line.
From rivals to partners, two competing brokerages merge under the Dominion banner.