Latest news

  • Daily Market Update

    Housing permit values rise in April, but non-residential numbers are down….. Spring arrives at last for the recreational property market… and why Winnipeg wants to cut down on parking lots…..

  • CU offers retroactive 2.99 per cent rate

    Brokers now have a new arrow in the quiver, with one credit union announcing Thursday its 2.99 per cent five-year fixed rate that can also be applied, retroactively, to deals funded in the past 30 days.

  • Major market continues to boom but can it last forever?

    One of Canada’s hottest housing markets reported another year-over-year sales and price increase in May.

  • Beating the banks is worth the fight: Brokers

    Tightened lending regulations have made it tougher to fund deals but brokers are best served to put their noses to grindstone and work harder to find the right mortgage for their clients, according to two players.

  • Daily Market Update

    Toronto sees growth in sales of property over $2 million….affordable housing not an issue in Ontario and why Vancouver wants to protect its heritage homes…

  • Bank of Canada maintains overnight rate

    The Bank of Canada announced Wednesday it will hold its target for the overnight rate at one per cent, citing an inflation rate that remains below target.

  • Banks have A-business cornered?

    Another big bank has joined the ranks of lenders offering a sub-three per cent five-year fixed rate; signalling the growing importance of alternative lending to the mortgage broker industry, according to one player.

  • Realtor refutes TD’s over-valued market report

    A respected Toronto-based Realtor says the Canadian housing market is not overvalued, despite a report from TD Bank that claimed prices are 10 per cent higher than they should be. But will brokers agree?

  • Daily Market Update

    Vancouver realtors enjoying three year demand high ….. why paying off the mortgage quicker may be bad for your golden years… and why real estate is taking to the skies…..

  • Certain buyers don't understand credit

    A recent study points to the importance of advising clients on the impact credit scores have on attaining a mortgage – especially for millennial home buyers.