May CMHC, Teranet numbers encouraging
Condo starts were up surprisingly for the month of May, reaching 200,000 from April’s 176,000 – helping to maintain a level number of new housing starts nationwide, according to CMHC’s latest seasonally adjusted annual rates.
GTA new homebuyers facing unfair tax load
It’s important information for brokers, but also their clients buying new builds in the GTA and facing an unprecedented spike in fees that won’t be covered by the mortgage.
First comes baby, then the CMP Top 75
Skye McLean of Argentum Atlantic HS did – and she’s eager to be a Top 75 broker once again this year – even if she slips a little in the rankings.
Extension granted on MIC regulations
There will be a few more months of talks on how B.C.’s MIC regulations will take shape, as the exemption deadline for dealer registration has been pushed back by the British Columbia Securities Commission for another year.
Banks need to be held accountable on penalties, says expert
Getting a straight answer from a bank on a client’s loan is like pulling teeth, says one investment player expert in reducing mortgage penalties.
Western brokers to establish education platform
The Alberta and B.C. mortgage brokers associations announced yesterday they are establishing a Western Canadian education platform for members.
Brokers hold breath as monolines follow big banks
As the big banks increase their fixed rates, monolines like MCAP and First National are following suit – eliminating any breathing room for brokers already trimming commissions to accommodate clients.
Tough Vancouver market has broker unsure if he’ll crack Top 75 list again
Making the CMP Top 75 is an accolade in and of itself – but a tough Vancouver market has only heightened that honour, say industry players looking to repeat their performance.
Older clients jumping into the condo market
If you’re looking for leads to refer on to your Realtor partners, a new survey suggests your older clients are the soundest bet.
Shelved 1979 CMHC report a lost opportunity: author
The man who wrote a report urging the privatization of the CMHC back in 1979 says today’s housing market problems were predicted more than three decades ago.