Affordability toughens in Canada
Canadian home ownership costs have become the most expensive for the first time in 18 months
Was the crisis a good thing?
If there is anything good to come out of the credit crisis, it's the opportunity to improve broker/lender relations, industry members heard at the annual CAAMP expo in Toronto
Lender panel plays it safe at CAAMP
A panel of lenders at CAAMP's annual conference said they believe mortgage brokers' share of the market will continue to grow, but also emphasized the need for greater efficiency and speculated that volume bonuses could be scaled back over time.
Mortgage Mentor adds rental financing tool to its line-up
The Vancouver-based software company Mortgage Mentor just announced the launch of its latest product, the Rentalsman, an interactive database of major Canadian lenders that provide rental and investment property financing.
Low rates should come with warning, experts say
Cheap mortgages and the explosive resale housing market have been stirring fears of a housing bubble among economists and real estate experts.
Mortgage market rebounding, broker share stable, says CAAMP
Despite a difficult economic year, CAAMP's latest survey on the residential mortgage market in Canada points to reasons for being optimistic, among them a forecast that total outstanding mortgage credit will surpass the $1 trillion mark in 2010.
CMP names 2010 awards host
Canadian comedy star Jessica Holmes is set to host the 2010 CMP Canadian Mortgage Awards, taking place April 23 at the Liberty Grand in Toronto.
Toronto home sales surge
Sales of existing homes in Toronto area have recorded a massive 64% increase in October compared to the same month last year.
VFC Home renamed as part of TD rebranding effort
Alternative mortgage lender VFC Home Inc. will join with TD Canada Trust's indirect lending business and operate under a new name, TD Financing Services, starting November 16.
Neither Freddie nor Fannie
Karen Kinsley, president and CEO of the Canada Mortgage and Housing Corporation (CMHC), recently voiced her "disappointment" at the Financial Post for suggesting that the mortgage insurer was "reckless"