With the news of West Face Capital Inc.'s lawsuit against Home Capital making the rounds, industry professionals don't think the former has much of a case, with one going so far as to call the litigation buyer's remorse
Brokers advised an investor client – who closed two deals in one day -- to not disclose the second planned property purchase to the lender as a work-around for one lending rule.
The Bank of Canada believes regulation and supervision – not monetary policy – are the keys to aiding economic recovery. Is this a hint at further housing finance tightening?
Cultivating a healthy and happy team of brokers brimming with enthusiasm is an admirable goal. But are we trying to achieve the impossible?
A report from the Calgary Real Estate Board suggests that September could set a new high for MLS sales.
Twenty-somethings are the first generation to be financially worse off than their parents.
There are signs that the interest rates may stay low for some time to come.
Investors are scaling back their involvement in the US property market but this is unlikely to mean a return to dark days for the market.
The Canada Mortgage and Housing Corporation (CMHC) has announced it will consider implementing risk-sharing measure with lenders in the future, confirming anonymous sources who told the Financial Post in early September that OSFI and CMHC were in talks about the potential policy.
Brokers will likely breathe a sigh of relief following Finance Minister Joe Oliver’s statement that the government will not make any sudden changes to the housing finance system.
With more homebuyers than ever before first checking online for mortgage information, it’s important brokers avoid making any online faux pas; if these common mistakes ring any bells, than it’s time to redesign your website.