Scotiabank financials reveal condo exposure
By the end of July, Scotiabank held $14 billion in condominium mortgages – half of that in the market economists most fear will suffer a correction.
Banks calling truce on rate war, say analysts
Analysts are suggesting brokers will see little in the way of a rate war for the rest of 2012 as the big banks look to protect interest margins in a slowing market.
Brokers face tougher sell with eroding affordability
Mortgage brokers may have to work harder in the next few months to protect volumes, with a new RBC report pointing to the continuing erosion of housing affordability.
Turnaround times worry brokers
CMP’s upcoming Brokers on Lenders survey should highlight the growing concern brokers have about turnaround times, as they fight to retain a dwindling number of deals.
Credit unions excite brokers and ...
Canadians are once again ranking credit unions as first in customer service, even as brokers anticipate new legislation will draw them deeper into the channel.
Craziest’ things any broker has done for a deal
From offering to fill a client’s fridge with $1,000 of beer to promises of a romantic “date” with a seller, a new survey suggests Realtors are resorting to all sorts of weird ploys to seal a deal in this tight market.
TD matches RBC’s five-year fixed
It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.
No sharp dive in housing market says CIBC economist
Brokers can breathe a sigh of relief, according to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration.
TransUnion to brokers: consumers in tough
Consumer debt levels have now reached their highest level in ten years, according to a new report from a credit reporting agency.
Correction: DLC claims 26 agents on Top 75
CMP correction: Dominion Lending Centres, in fact, claimed the largest number of brokers on this year’s Top 75