Paralegal says people use brokers to shop around "far too often"
Mortgage brokers who prepare a deal with a lender only to find out their clients have used the rate information to shop around is something that happens "far too often" said paralegal Jeff Greenberg, who recently launched a business to help Ontario brokers collect commissions from clients.
Is the CMHC reckless? Financial Post article prompts question
The Canadian real estate market has made a rapid recovery, with prices soaring above previous years' levels and affordability dropping to below historic averages, causing everyone in Ottawa to worry that perhaps the market is too strong. The Financial Post thinks that CMHC may be to blame
Bank of Canada advises prudence, practices mystique
Anyone following Bank of Canada governor Mark Carney lately couldn't be blamed for being a bit confused, as the clarity of the Bank's message has left a lot to be desired
Fixed or variable decision "much closer to call", bank report says
While variable-rate mortgages continue to beat out fixed-rates when it comes to cost savings, the gap between the two is likely to become closer due to the economic environment, a new bank report says.
Canadians willing to cut vacations, work second jobs to stay in homes: Genworth
Close to 70 per cent of renters in Canada said they would be willing to delay major purchases and more than half would give up vacations to own their own home, according to Genworth Financial Canada's most recent First-Time Homebuyer's Monitor.
Canadians more diligent savers in '09, survey says
More than half of Canadian workers have changed their spending habits and reduced their debt in 2009, according to the Sun Life Financial Canadian Unretirement Index released today.
Commercial market back on track
Canada's commercial mortgage market has changed drastically over the last two years, with appetite for certain sectors completely drying up and lending guidelines drastically tightening. All that seems to be on the way out, however, as recent signs point to a recovery.
Economic recovery causes rate increase in Australia
The Reserve Bank of Australia raised interest rates by 25 basis points yesterday for the first time since March of last year, citing lower unemployment and housing growth as reasons for the hike.
CAAMP awaits new mortgage broker license in Quebec
New Quebec licensing regulations that differentiate mortgage brokers and real estate brokers (as well as mortgage and real estate agencies) are expected to soon be pre-published for review, according to CAAMP.
Gord Dahlen named president and CEO of Invis and MI
Gord Dahlen is the new president and CEO of Invis and Mortgage Intelligence after serving as the executive vice-president for both companies.