Industry vet: Condo clients ain't going nowhere
Brokers shouldn’t necessarily expect their condo-seeking clients to leaving them sitting on pre-approvals too long, with one industry leader suggesting buyers and prices will stay put.
Sources: FirstLine to wind down
Two of FirstLine’s top broker partners are now confirming Firstline will, in fact, wind down operations at the end of next month, with news about how exactly CIBC will handle rate buydown and other point programs to come with a final announcement.
New lender woos 625 brokers
An upstart channel lender has now attracted hundreds of brokers and nearly $200 million in mortgages – that with little more than eight months on the clock and without resorting to bargain-basement pricing.
Level the playing field for Genworth, expert warns
Amid growing economic uncertainty in Canada’s housing market, mortgage finance expert Jane Londerville has called for a levelling of the playing field for government-backed residential mortgages.
Poll: Housing market to stall in 2013
Brokers now used to the churn of a busy market, brace yourselves: Price declines in condo-saturated markets like Toronto and Vancouver will cause Canada’s housing boom to stall next year, according to a Reuter’s poll.
Small market brokers join CMP top brokers list
CMP is reaching out to more brokers – in more markets! – with this year’s TOP 75 and the addition of the Small Market Top 20.
Realtor-client incentives raise concerns
Talk about one of the channel’s big banks is raising broker eyebrows in B.C., along with concerns the lender has sweetened its referral offer to Realtors with paid appraisals and legal for clients.
Recreational property sales on the upswing
Brokers may find themselves helping more clients acquire recreational properties this summer, as a recent report from one of the country’s largest real estate organizations indicates sales are picking up in most markets.
A new 2.99% comes to town
A top online-lead-generation brokerage is now hawking its own offer of 2.99 on a five-year fixed – becoming what it bills as “the first Canadian mortgage broker to break the 3 per cent threshold."
Report: best part of 2012 behind brokers
There’s yet more indication that brokers who snoozed during a busy winter/spring season may lose out as Canada’s biggest and strongest real estate market finally shows signs of cooling.