Poloz: We have a competitive mortgage market
The Governor of the Bank of Canada, Stephen Poloz, appeared on BNN’s Headline with Howard Green on Wednesday and proclaimed the Canadian Mortgage market is healthy.
Deflationary trends created by idling home sales?
Brokers may have been right all along in suggesting the government has simply been too aggressive in its efforts to slow down the real estate market, with growing speculation among economists that the BoC will soon have to fight deflationary trends, in part fueled by idling home sales.
Another call for region-specific mortgage regulations
Nicolas Marceau, Parti Quebecois finance minister, is echoing similar sentiments to many mortgage brokers: That the Canadian mortgage regulations should be region-specific.
Former NFLer pleads not guilty to mortgage fraud
A former NFL player and his mother have pleaded not guilty to participating in a $690,000 mortgage scam.
Should regulators focus more on unsecured debt?
New data on consumer debt has dredged up an old broker gripe: Regulators need to rein in the availability of unsecured debt and leave mortgage spending alone.
Experts: Rates to rise
Experts agree mortgage rates will rise over the course of the next month, despite RBC cutting its rates by 10 basis points over the weekend.
RBC cuts mortgage rates
Fears that RBC’s latest move to whittle down its fixed rates will set off the kind of rate war BMO did in 2012 are largely unfounded, argues one broker, suggesting this latest cut is a “marketing ploy.”
DLC honours broker who passed away
Dominion Lending Centres is honouring one of its own who passed away suddenly over the Holidays.
Toronto brokerage scores big bank coup
Rack up another for the broker channel, with a successful bank defector joining a Toronto brokerage as it readies to take on 2014.
Brokers confident in monoline A-lenders
Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.