Borrowers reminded of flexibility amid fixed-rate fever
Outgoing Bank of Canada Governor Mark Carney may be delighted that consumers are heeding his warnings and have been flocking to fixed-rate mortgages in record numbers, but one broker is advising borrowers to pick shorter term mortgages because they offer greater flexibility.
MortgageBOSS beefs up with three upgrades
Integration with CMHC’s Emili, automated communications and enhanced transaction analysis capabilities are three new upgrades to Mortgage Alliance’s origination software, MortgageBOSS.
Brokers glad market on ‘sustainable path’
Call it a slowdown, soft-landing or a correction, some mortgage professionals are just glad 2012’s rough ride is nearly over and as one major bank puts it, the industry is headed on a “sustainable path.”
Canada keeps triple-A rating with S&P
Standard & Poor’s has reaffirmed Canada’s triple-A rating despite mounting levels of household debt and the housing market flux.
BC brokers seeking self-regulation
Mortgage professionals in British Columbia are poised to submit a position paper to the province’s Ministry of Finance endorsing a self-regulated industry similar to that of Alberta.
Small brokers feeling brunt of slowdown
Mortgage professionals in rural areas and smaller markets are more likely to feel the chill of the cooling market as the CMHC report housing starts drop for the third month in a row.
DLC offers branded credit cards
Some say it’s a bad idea, other say it makes perfect sense. But last week, Dominion Lending partnered with Visa to become the country’s first mortgage company to launch its own branded credit card program.
TMG ranks 6th in top 20 companies to work for in BC
TMG The Mortgage Group Canada ranked number six among this year’s list of 20 best companies to work for in British Columbia compiled by BCBusiness Magazine.
Bank of Canada raises alarm on condo overbuilding
Those constantly multiplying construction cranes marring the downtown Toronto office window view could be harbingers of “severe economic shocks” for Canadians, according to the latest report from the Bank of Canada which raised warnings of overbuilding in the condo sector.
Paradigm Quest president in Canada’s top 100 most powerful women list
Kathy Gregory, founding president and CEO of mortgage services firm Paradigm Quest, was named by the Women Executive Network (WXN) as one of the country’s Top 100 Most Powerful Women for 2012.