A reason for broker optimism
There's yet more indication demand for homes isn't about to hit the skids, with housing starts trending at 187,416 units in July -- down only a hair from June.
Canadian First Financial buys MonCana
In a statement released today, Canadian First Financial and MonCana Capital Corporation announced the acquisition of Moncana Capital by Canadian First Financial.
Brokers sweeten their benefits packages
In the hopes of holding onto their best employees, brokers are embracing more creative benefits packages. Those strategies are so creative, in some cases, they may just prompt an influx of job applications.
Which broker lender will feel the CMHC pinch?
Brokers are already positing their own theories on which lenders will be hardest hit by CMHC’s move to cap access to government guarantees for securitized mortgages.
Stronger lender for A deals emerges
Move over A lenders: Home Trust is poised to expand its presence in that sphere after winning the green light for a new -- OSFI-approved -- securitization model.
Brokers ready for active August
Brokers expect August home sales to steal the fall market’s thunder as buyers look to move before a rise in interest rates – a trend July’s booming numbers highlight.
Government again moves to slow market
It may be that other shoe brokers have been waiting to drop, with CMHC announcing it will now limit each lender enrolled in its mortgage-backed securities program to $350 million in guarantees for August.
Brokers applaud ATB rate move
Alberta lender ATB Financial has ended its practice of discounting posted rates – welcomed news for brokers who view artificially high rates as confusing for clients.
Glut of luxury condos in Toronto market
The $1-million cut-off on Canada Mortgage and Housing Corporation insurance may have hit the luxury condo market, with a glut of inventory in Toronto suggesting it will take 20 months to clear given current demand.
Tougher MIC rules benefit everyone
Tougher MIC rules mean a better, stronger MIC community within the broker channel, says one Alberta broker whose family has been operating a MIC for some 30 years.