CMHC: Slow market to carrry into 2014
The Canadian Mortgage and Housing Corporation (CMHC) has released its fourth quarter housing outlook in which it warns about a slower market carrying over into 2014.
BC market surges back; good news for brokers
In a report issued by the Bank of Montreal on Wednesday, the bank assured industry professionals the housing market in British Columbia has achieved a soft landing following a concerning sales drop early in the year.
New rate site created by industry player
There is a new rate site in town and -- brace yourself, brokers – this one was created by one of your fellow brokers. Still, its founder doesn’t believe industry players should feel threatened.
CMHC offering tailored outlooks for various Canadian markets
Canada Mortgage and Housing Corporation (CMHC) is offering a number of housing outlook conferences in various Canadian cities; each offering a useful and practical information session that will help brokers understand trends unique to each market.
More transparency promised by central bank
Governor of the Bank of Canada, Stephen Poloz, released his opening statements prior to the House of Commons Standing Committee on Finance, intimating that the central bank will endeavour to be more clear and accountable for any actions they may make.
Should brokers in these markets be worried?
Desjardins Group Economic Studies released a statement on Tuesday declaring the Canadian housing market is less affordable than the average affordability of the last 25 years, citing the average home prices across the country are eclipsing household income – due, in part, by a rush to buy prior to interest rate hikes.
Ontario's largest credit union establishes new model
Meridian, Ontario’s largest credit union, recently launched a new manager-owned branch model and installed mortgage industry veteran, Paul Bath as the owner and manager of its first “agency” location.
Broker honoured by Toronto Police for heroics
One quick-thinking broker helped save a man’s life last year and, on Sunday, was rewarded for his efforts by the Toronto Police Department in a formal ceremony.
Flaherty to discuss further changes with developers
Finance Minister Jim Flaherty will meet with developers to determine whether future interference in the housing industry may be needed.
Canadian First completes MonCana deal
Canadian First Financial announced that the acquisition of MonCana Capital Corporation was completed on Friday; a deal the company feels will provide a solid lending option for brokers.