One province is continuing to provide programs to help first-time home buyers jump into the market, and that’s great news for local brokers
An “election reprieve” from interest rate hikes may not translate into the busy spring season brokers were hoping for, with industry leaders identifying a possible downside to the federal campaign.
It’s going to be a special night April 29th for two brokers, as they will receive the honour of being named Mortgage Broker of the Year at the fifth annual Canadian Mortgage Awards.
This year’s Canadian Mortgage Awards will have some added excitement as the Mortgage Broker Network of the Year will be presented for the first time.
Brokers looking for definitive advice on steering clients toward fixed, variable or combination mortgages are out of luck, with industry opinion divided ahead of expected rate hikes.
As part of its economic outlook for 2011, RBC projects that the Bank of Canada overnight rate will rise from one per cent to two per cent by year-end.
Argentum Mortgage and Finance Corporation launched its own branded mortgage, which features trailer fees.
Despite record prices, home sales in British Columbia will rise seven per cent this year compared to the last, according to a forecast report by a lender in the province.
Canada has a new entry in the mortgage lending field as Equity Financial Trust received final regulatory approval to become a deposit-taking institution and will immediately begin accepting applications for alternative residential mortgages.
A report by a six-person task force recommends that banks take more responsibility for improving Canadians’ ability to manage and repay debt, while also suggesting the federal government introduce more stringent standards for mortgage qualification.
True North Mortgage saw its number of offices grow to four with the opening of a location in Halifax this week.