Latest news

  • Brokers: CMHC refocus is misguided

    Brokers have had time to let the Canada Mortgage and Housing Corporation’s (CMHC) recently announced priority shift to sink in and while some laud the crown corporation’s efforts, others believe it should be addressing more pressing concerns.

  • Brokers on Lenders Survey early results

    Results for the seventh-annual Brokers on Lenders Survey have been flying in and it seems that many of the main gripes from previous years still prevail. However, brokers are airing new concerns as well. Hurry and have your say by clicking here.

  • Mortgage debt down across country

    Mortgage debt growth is shrinking, according to Statistics Canada, signalling more prudent lending may be creating a healthier lending industry.

  • Daily Market Update

    Vancouver is set for a construction boom….. Toronto’s luxury hotel-condo prices are not keeping up with their neighbourhoods…. Halifax planning too wrapped up in red tape…. And downtown’s fastest growing demographic; the condo kid!

  • Brokers call for appraisal changes

    Brokers who are frustrated by outdated and inaccurate appraisals are calling for a reform that will take into account other valuations when deciding the value of a home.

  • CMHC to get back to its roots

    The Canada Mortgage and Housing Corporation (CMHC) will shift its priority back to its originally intended purpose: helping Canadians buy homes they can afford.

  • A tale of two private sales

    As more companies dealing in private sales enter the market, homeowners are being tempted by the low-cost offering. But what do brokers – whose clients are interested in private sales – need to know?

  • Daily Market Update

    Toronto set to be a sellers’ market for at least the rest of this year, despite an increase in listings…..the IMF warns of a global housing bubble…. And last night’s tornado is a stark reminder of how weather is a homeowner’s nemesis….

  • Brokers: Advising clients on new builds

    Many buyers in hot housing markets across Canada choose to purchase new build houses and condos and with several of them encountering issues after contracts are signed, brokers have figured out keys to advising these clients.

  • Bank: Be wary of sales spike

    Brokers shouldn’t read too much into CREA’s positive monthly stats, according to one major bank.