Bleak 2013, better 2014 predicted for resales
CREA’s resale housing forecast is rather bleak for 2013 – but promises great things for 2014.
CREA numbers reflect a February slump
The February slump was felt nationwide, as CREA’s February home price index sales numbers edged back down 2.1 per cent compared to January, with actual activity plummeting 15.8 per cent compared to February 2012.
Low rates, B lenders feed broker success
A faith in rates and a thriving B lender channel is keeping a good slice of the pie available to mortgage brokers, says Joe Walsh.
B.C.’s unwelcome April Fool’s joke
The switch back to GST and PST has been months of headaches for B.C. brokers, and an unwelcome brake on new home buyers waiting for the April 1 deadline, says Brent Morgan.
170,000 potential plaintiffs in class action suit
If the class action suit against three broker channel players gets the go ahead, the potential number of plaintiffs could soar about 150,000, says the lawyer handling the case.
Renewals: a battle brokers can’t win?
The battle for renewals is a fight that brokers are gonna lose, says a leading mortgage broker.
Brokers are choosing prime time
Surprising poll results show brokers are still able to satisfy the majority of stated-income clients at prime lenders, despite tighter mortgage and underwriting regulations introduced last July.
Money talks for keeping clients
Marketing a brokerage and maintaining a book is the goal of every broker. Mortgage Alliance does it once a year with an oversized cheque.
Investment clients remain strong for brokers
Some brokers are finding investor clients a safe harbour in the stormy sea of predictions for the housing market.
Focus on refis, not first-timers
Instead of focusing on first-time buyers, CAAMP should push Ottawa on refinancing restrictions, says one industry vet, reacting to news the association has now tailored its lobby efforts.