‘Vancouver mortgages are rapidly deteriorating in quality,’ one recent report claims. That’s just not the case, according to one leading broker who operates in that market
The weekly Bloomberg Nanos index of consumer sentiment reports lower figures again this week as concern spreads about weakness in the global economy.
Vancouver is building more homes but with high land costs leading to increased redevelopment of existing buildings or parking lots, many residents are entering into battles to protect their neighbourhoods.
Homeowners are advised to update their inventories to cover some of their most valuable assets.
Broker reviews for a new addition to one monoline’s offerings are already coming in, with many anticipating its even-stronger growth as a result.
Brokers aren’t the only ones frustrated by tougher lending rules, as real estate agents selling large-acreage properties may increasingly need to adjust their listing price, as buyers are hamstrung by more stringently applied financing rules.
Behavioural scientist Darren Hill reveals how to handle the tough conversations that could define you and your brokering career.
Echoing sentiments from earlier this year, the International Monetary Fund is uneasy about the current housing market in Canada, believing it to be overvalued.
The CEO of the Bank of Nova Scotia says that concerns over a housing bubble are overblown and the word ‘bubble’ is overused.
Canada’s homeowners are spending more on renovating their existing homes rather than buying new ones.
Although some believe there is a slowdown in the condo market in Toronto, the construction of new developments continues and parking lots are disappearing in the process.