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
The Canada Mortgage and Housing Corporation (CMHC) rebuked the C.D. Howe Institute’s claims this week that the government should scale back its role in the mortgage industry due to growing risk.
Mortgages and personal lending is predicted to grow from three to five per cent over the next two years among the big Canadian banks, RBC Capital Markets analysts Geoffrey Kwan and Andre-Philippe Hardy wrote in a Jan. 17 note.
The aim of recent warnings from government and bank officials about the rising level of household debt was to prepare Canadian consumers for the inevitable rise of interest rates at some point in 2011. The effects of higher interest rates should not be overestimated however.
Canada’s mortgage brokers are voicing concerns that negative press in the United States is hurting their business, and their reputations.
U.S. home sales are set to rebound as the economy recovers, according to Fannie Mae’s Chief Economist Dave Duncan, but since prices lag sales, home values in the U.S. won't likely bottom out until 2012.
Dominion Lending Centres president Gary Mauris was one of the participants Wednesday at a pre-budget consultation held in Regina by Finance Minister Jim Flaherty. The following is a summary of the day, submitted by Mauris.
A new study released by CAAMP concludes that very few Canadians face unaffordable increases in mortgage costs and Canadian lending criteria are already tight.
Street Capital Financial Corporation announced the launch of its new Street Loyalty Program to encourage renewal business with brokers by offering two compensation models, including trailer fees.
The Conference Board of Canada says the latest indicators predict a strong 2011 for Canada’s real estate market.
Finance Minister Jim Flaherty announced a second tightening of mortgage rules in the past 12 months as Canadian household debt became a growing concern at the end of 2010 and historically low interest rates continued to persist.