Canadian housing overvalued by 21 per cent
The Canadian housing market has been deemed overvalued by 21 per cent by Fitch Ratings; though the organization forecasts only a soft landing as opposed to a harsh fall.
Usual breakdown missing from CAAMP report
CAAMP released its fall report earlier this week indicating that brokers have enjoyed an increased market share compared to their banking counterparts; but missing from this year’s survey is the usual breakdown into new originations and renewals. MortgageBrokerNews.ca asked the economist behind the report to explain.
Resurgence of the refi
The refi may not be dead after all, according to a new consumer report, suggesting more than 10 per cent of homeowners have recently taken out an average of $57,000 in home equity – that despite tougher mortgage rules stymieing broker efforts.
Another rate site has brokers frustrated
Whispers of a new rate site being backed by a deep-pocketed company have made their way across the industry, leaving some brokers frustrated.
CAAMP: brokers gaining market share
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released its annual fall survey report on Tuesday which indicated that brokers are quickly gaining valuable market share on their banking counterparts.
Broker network strikes key 'alternative' deal
Mortgage Alliance announced Monday a partnership with Personal Lending Solutions (PLS) aimed at making alternative lending more accessible to brokers.
Industry coffers open for charity
It's that time of year, and MortgageBrokerNews.ca is once again tallying up broker charitable giving, for 2013.
Bozic on Flaherty
One of the industry’s most influential thought leaders pulled no punches last Thursday when he was featured on the Canadian Mortgage Hangout (#cmhTV) – especially when talking about Finance Minister Jim Flaherty’s recent threats to intervene in the housing market once again if necessary.
Home prices remain steady across Canada
Statistics Canada released its newest New Housing Price Index for September, which remained unchanged over-over-year and followed only a slight -- 0.1 per cent – increase in August.
CREA: Markets declined in October
The Canadian Real Estate Association (CREA) released its monthly numbers for all of Canada and – true to its forecast released last month – Canadian home sales have dropped in October 2013.