Value declines jeopardize subprime market
While brokers have their eye on a falling number of sales, in Vancouver they’re now ogling falling prices and the threat they could pose subprime deals.
'Pleased' Flaherty meet displeased brokers
Finance Minister Jim Flaherty says he’s happy increases in home prices have started to slow, but is relatively mute on a much bigger concern for brokers – the falling number of sales.
Brokers interest grows in CIBC class action
Brokers may be no less interested than their clients in a class action filing against CIBC given a growing number of inquiries ahead of the bank's deadline to respond.
Market slumps in December
There’s yet more indication brokers will see a quiet winter, with national home sales slipping 17 per cent in December from a very active year ago.
Brokers meet your new clients
Brokers may want to follow the lead of this Alberta veteran. He’s increasingly working for Realtors to create the kind of vendor-finance deals that win buyers time to quality for traditional mortgages, while helping sellers with tougher-to-sell properties.
Broker network and rate site expand online client base
That partnership with Invis/MI and rate site Kanetix is now being expanded to Alberta, Saskatchewan, and Manitoba, after a fall launch in Ontario that captured broker attention both in and outside the organization.
Stymied switches prompt new game plan
A slowing market will grow the number of trailer fee transactions as brokers confront a spike in rock-bottom renewal rates – an effort on the part of some lenders to block switches, they charge.
More competition for brokers ... in Alberta
Brokers in Alberta will likely continue to feel the pressure of in-migration – not from the thousands of workers expected to move there this year, but from the out-of-province mortgage professionals looking to follow their lead.
Market perceptions weigh heavy on brokers
The perception that now’s just not the time to buy – regardless of low interest rates – may be the biggest hurdle facing brokers this year, suggests new market research.
AMP satisfaction leads the pack, says survey
It's usually the most hotly debated finding in CAAMP's annual survey, but that research is once again suggesting consumer satisfaction with AMP-arranged mortgages is higher than the rest.