The once-hot real estate market cooled considerably in 2017, and with Guideline B20 on the horizon, all indications are that it will stay that way
Brokers in sleepy little Prince George say they’re poised to significantly better originations this year even as their big-city counterparts in Vancouver enter a slowdown and the CMHC forecasts an 8 per cent sales slide for the northern hub.
Brokers are finally seeing a change in consumer appetite for risk after the second chop to fixed rates in two weeks.
Realtors and brokers are primed to a play an increasing role in National Bank’s growth strategy for mortgage lending, its CEO said on a conference call this week to discuss strong Q2 financials.
TD Bank has done what many in this slowing market have failed to: grow its mortgage business by eight per cent in the second quarter. Still, it’s not alone.
A course focused on teaching industry basics to new mortgage brokers in Nova Scotia has more than doubled its enrollment as the province faces growing pressure to attach an educational component to its licensing standards.
A broker working Whitehorse and other Territorial hot spots is blaming a whopping 30-per cent drop in originations on the growing reluctance of channel lenders, the increasing dominance of the big banks and the population’s transient nature.
Buck up, brokers. By one industry veteran’s calculations, the channel has actually gained – not lost – key market share in the difficult years following the subprime collapse.
A slowing, yet increasingly competitive Canadian market will not only cull the number of new entrants to the broker industry but thin the existing ranks by as much as 5 per cent, a veteran mortgage professional told MortgageBrokerNews.ca.
Canadian First Financial Centres will now extend its financial and insurance advisory services to retail brokers outside of the dedicated in-house model it launched in 2009.
It may soon be the 21st-century equivalent of a business card, but an Alberta broker is one of the industry's first to pull his very own app from the proverbial back pocket.