Rate hike expected to affect affordability in many markets
In its latest housing affordability report, the Royal Bank of Canada predicts interest rates will soon rise; putting housing affordability in many markets across the country in jeopardy. Should brokers expect an influx of business in the short-term?
2.99 returns; sparks competition
Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.
Brokers feel the buydown heat
It may be the broker equivalent of the canary being sent into coal the mine with early results from the Broker Sentiment poll suggesting industry players are feeling the effects of having to buy-down rate to stay competitive.
Broker: Look to China for ideas on cooling market
Hong Kong has found a novel way to cool its housing market and one broker believes a similar initiative could do the same in Canada.
MBN launches new mobile website
MortgageBrokerNews.ca recently launched a new and improved mobile website, making it easier to view and share content on your smartphone.
Far-out Friday: Bruce Lee’s guide to productivity
Bruce Lee is an international icon for kung fu devotees, but he was also a guru for discipline, productivity and multi-tasking. He was far more than just a film star and martial artist, so it makes sense to look towards the late Enter The Dragon star for tips on how to get the most out of work.
Condo buyers feel the pinch
Tightened lending guidelines are particularly affecting one type of homebuyer in major cities, according to one broker.
Grow-op registry proposed
Brokers and Realtors rarely agree but on this they may, with the Association of Saskatchewan Realtors calling for a registry for former drug houses.
Alberta floods cause lender apprehension
Brokers in Alberta may be feeling the pinch, with last summer’s severe floods leaving some lenders apprehensive about lending in certain areas.
Debt management company stiffs broker
One broker’s negative experience with a debt management company serves as a cautionary tale about the importance of vetting the organizations you do business with.