Think tank crunches mortgage stats, urges policy makers to take a close look at mortgage habits and the impact of interest rates
Two leading Ontario credit unions announced their amalgamation Friday; a move that will certainly cut into a chunk of big bank business and provide more options for mortgage brokers.
More data on the effects the housing market has on the economy is needed, according to one leading economist.
The Canadian Mortgage and Housing Corporation (CMHC) said it would be open to implementing risk-based default insurance and one leading broker believes the move could certainly benefit one type of home buyer.
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Industry players are calling for CAAMP to change a membership rule blocking individual brokers unless all their team signs up too.
Despite the glut of condo developments expected to sprout in the next five years, a new report states Toronto’s condo market will experience a “soft landing.”
Canadian Mortgage Professional announced Thursday that “Seven Habits of Highly Effective Mortgage Brokers,” will be opening keynote for the 2014 Canadian Mortgage Summit. Click here to register for the event.
The Governor of the Bank of Canada, Stephen Poloz, stated Monday the central bank will now consider “anecdotal evidence” along with economic data when making its decisions; an approach that one leading broker believes will not aid in considering global effects on the Canadian economy.
A leading lender has entered the single family mortgage market in two major Canadian cities, offering brokers more options.
A study released Tuesday, indicating a healthy mortgage industry, may stop Finance Minister Joe Oliver in his tracks