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.
National home buyer preference survey results
Century 21 teamed up with RONA to study the home-buying habits of Canada’s number one housing driver, baby boomers, and the generation expected to take the wheel in the near future: millennials.
Flaherty stokes fears once again
Once again, Finance Minister Jim Flaherty has stoked the industry’s fears by stating that the Canadian government is willing to intervene if the housing market is viewed as a threat to the Canadian economy