Two portraits of a Millennial first-time homebuyer
Developers presented two very different profiles of Millennial first-time buyers at the CMHC conference in Toronto Tuesday -- both absolutely key for brokers to understand as they head into 2014.
A look ahead at Ontario's housing market in 2014
At the Canadian Mortgage and Housing Corporation (CMHC) conference in Toronto, Ted Tsiakopoulos painted an optimistic picture for Ontario’s housing market in 2014. Here’s what you need to know.
The most unique broker incentive ever?
In a bid to drum up potential business, a Brampton-based broker took to the street to hand out pamphlets inviting potential clients to attend a 45-minute presentation… and the chance to win the most unorthodox prize ever.
Bank economist offers key forecast
One leading economist is offering both good and bad news for brokers concerned about the immediate future of home sales as interest rates tick higher and buyer appetite seems more and more uncertain.
No need to rush home purchases, says brokerage
Canadalend.com has now released its take on the long-term viability of variable rate mortgages, suggesting they represent the safest harbour for first-time homebuyers looking to get into the market.
Experts: Mortgage rates will decline further
The waning year has seen a rate rollercoaster as historically-low fixed rates shot up before descending once again; and the expert panel assembled by RateSuperMarket.ca expects that slow descent to continue into the end of the year.
Public votes on brokerage's next national TV ad
Mortgage Alliance asked the public to vote on the company’s next national television ad… and the results are in.
Brokers call for region-specific lending rules
The general consensus among brokers is that government tinkering with lending rules is an unwanted annoyance; but do brokers in smaller markets have it worse than others?
ING announces new name
The bank who left the broker channel following the buyout by ScotiaBank has recently announced a forthcoming name change.
Gift letters blowing the bubble?
Parents in Toronto are funding their millennial kids’ first real estate purchases in record numbers, helping first-time buyers get a leg-up in an increasingly unaffordable market; and one well-respected industry voice believes the trend is contributing to the GTA’s oft-refuted housing bubble.