GTA condo rentals skyrocket while sales plummet
The tightening of the mortgage rules have had their effect – driving first-time homebuyers into the condo rental market, pushing average rents in the GTA to a record $1,856, and denying brokers those clients frustrated by Jim Flaherty’s stricter rules.
Little risk of CMHC meltdown, says economist
Economists are standing up to address concerns about the soundness of Canada Mortgage and Housing Corp’s portfolio, answering speculation that the insurer would need a bailout should the housing market go south.
Great agents born or made?
The skills for writing a contract are there with new agents, say brokers, but it is the crucial qualities that make a good salesperson which are most lacking.
Top 75 brokers share their recipe for success
Implementing the best business strategies may seem obvious, but many brokers fail to take advantage of what works while discarding what doesn’t.
FSCO frustrated by unlawful advertising
Too many unlicensed brokers and not enough resources has FSCO frustrated with the deluge of public complaints over illegal mortgage brokering advertisements.
FCAC fines bank $50,000
The Financial Consumer Agency of Canada fined a bank $50,000 for failing to tell a borrower about changes to their mortgage payments.
CMA winner: OSFI 25-year cap would benefit B lenders
The Office of the Superintendent of Financial Institutions Canada (OSFI) is looking at limiting amortizations to 25 years on conventional mortgages – a move that would benefit non-conventional lenders, says one broker.
New thinking needed, broker tells Summit
Broker-run rate sites and better branding were just two suggestions the closing speaker at last week’s Mortgage Summit had for brokers looking to add value in an increasingly competitive market.
CMA winner offers crucial advice to new brokers
Lifetime Achievement award-winner at this year’s CMAs has one piece of advice for new agents or anyone else looking to tap into his experience.
CMA winners defy rough market
The 8th-annual CMP Canadian Mortgage Awards went off with a bang at Toronto’s Liberty Grand Friday with over 600 attendees recognizing industry players who’ve soared above a turbulent real estate market