One of the country’s largest real estate associations is calling for higher fines and a crackdown on ethics violations
The first to act was an insurer and now at least one major lender has followed suit by announcing it will tighten its lending standards in Alberta due to the effects the faltering oil industry are expected to have on the housing market.
Brokers can expect the next few years to be fruitful, according to one major bank, with Millenials and immigrants expected to bolster many housing markets.
Brokers are optimistic about the year ahead, according to early Broker Sentiment Poll results. There is still time to have your say in the industry’s most comprehensive survey about the brokering industry. Click here to take the quick five minute survey.
The average selling price for a house in Toronto for the first half of February 2015 was $602,110, a 10.3 per cent increase compared to the average reported for the same period in 2014
There’s no slowdown in sales in Toronto according to new data.
The shadow lending market is growing as tighter regulations force the major banks into tighter controls.
Consumers are feeling less confident in the economy and real estate prices according to the latest Bloomberg Nanos Canadian Confidence Index.
Retirement is getting further away for more Canadians.
Brokers in one region of the country should expect some difficulty funding high ratio mortgages, after one mortgage default insurer has said it will more closely analyze applications from those clients going forward.
A new study, ten years in the making, will help brokers better advise clients who are interested in purchasing one of the most popular property types.