Ontario revenues fall forcing the use of reserves
With a $12.5 billion deficit Ontario’s government could have done with some good news, but instead the province’s fall economic update showed a $500 million black hole in revenues and slower growth ahead.
Lender unveils impressive Q3 results
The parent company of one of Canada’s major lenders announced its third quarter results – its strongest quarter this year.
Canadian home sales still balanced after hike
The Canadian housing market remains in balanced territory, despite a seven per cent rise in year-over-year home sales in October, according to monthly CREA data.
New poll: Alternative lending
CMP’s December issue will feature the annual alternative lending guide and if more and more brokers relying on an increasing number of alternative deals, we want to know what percentage of your business is made up of Alt-A business.
Another part of the GTA price surge story
The much talked-about foreign investment impact makes headlines but Toronto’s hot housing market is more than a single story.
Planning to buy south of the border? Do the research
Canada continues to provide a steady and large flow of buyers of real estate in the US but realtors and mortgage brokers south of the border advise that there’s research that needs to be done.
ATB Financial: Alberta economy will slow down for the next few years
Experts are predicting that there will be a softening of the economy in Calgary and throughout Alberta next year and for a few years after.
More layoffs to come?
Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.
Reasons for the big-three boom
Most Canadian markets are stagnating but three, in particular, are booming and one major economist has laid out five reasons for this “puzzling” trend.
Prioritizing contacts when writing a loan
Touching base is admirable, but it’s vital you use your time efficiently, writes one expert.