Brokers hoping for another gift from the Bank of Canada at Wednesday’s rate announcement may be out of luck, if experts pointing to new economic data are correct.
The second round of CMA finalists has been revealed – have you made the cut?
The annual Canadian Mortgage Awards are set for May 22 at the Liberty Grand in Toronto and we’ve got your first set of finalists.
Hilliard MacBeth is an Edmonton-based portfolio manager with Richardson GMP Ltd. He also wrote a book, called When the Bubble Bursts: Surviving the Canadian real estate crash, and thinks the market is overvalued by up to 50 per cent.
The level of household debt in Canada rose to 163.3 per cent of disposable income in the fourth quarter of 2014.
Brokers are already considering diverting clients from one big bank to another, following a recent change to a popular mortgage product.
February marked the fourth straight deceleration of the country’s housing price index, an early sign of cooling housing markets across the country, despite a 4.4 per cent increase over the same period last year.
Brokers are voicing their displeasure with a recent change made by a big bank that will affect past and future clients.
In what one industry player is referring to as a “great example of bank greed,” one big bank has tacked on a monthly fee to one of its most popular programs among brokers.