Home Capital looking to double portfolio
Tough times, only for some. Home Capital Group actually plans to double its book by taking on customers turned away by the big banks.
Restrictions, not affordability, hurting Vancouver, says broker
According to a recent RBC Economics Research study, Vancouver remains the least affordable city in Canada to buy a home – something that isn’t stopping first-timers prepared to lower their expectations, says one broker.
2014 will see a deceleration: CAAMP
CAAMP has looked into its crystal ball, and is keeping its fingers crossed for growth this year, while holding its breath for 2014.
Analyst predicts Canadian housing crash coming
Canada’s housing boom will not make a soft landing, predicts one market analyst, and expects “significant collateral damage” is coming.
Commercial lenders pessimistic, survey shows
Commercial lenders haven’t been this pessimistic about the future since 2009, according to the latest numbers released by The Real Property Association and FPL Advisory Group.
Canada Guaranty to offer energy-efficient rebate
Canada Guaranty may just have removed another reason for lenders and brokers to send deals to its competitors, with the introduction of a rebate for energy-efficient homes.
Debt-servicing changes stir brokers
A move by two lenders to change their calculations on debt servicing ratios vis a vis unsecured lines of credit is raising broker eyebrows.
CMHC, bulk coverage on Flaherty’s radar
Finance Minister Jim Flaherty told reporters last week that he had “no plans” to intervene in the nation’s housing market anytime soon – but only yesterday told a Senate committee that he is examining the role of the CMHC “very closely,” including a look at portfolio insurance.
Top brokers find success going back to basics
Many of the candidates aspiring to be CMP Top 75 brokers have gone back to the basics, with an emphasis on sales and not sidelines.
Housing market facing 5-year slump, says CAAMP
A CAAMP survey released today shows a housing market that is in trouble, and in danger of struggling for another five years.