Recession has upside … for brokers
It may sound counterintuitive, but brokers are pointing to two key reasons why confirmation of a recession in the first half of 2015 will benefit them
Bank: No recession here
Despite many reports to the contrary, one big bank is maintaining Canada is not in a recession – but the Bank of Canada may still move to slash rates
Mortgage industry scores with NHL promotion
Mortgage lenders and brokers south of the border are following the lead of their Canadian counterparts in capitalizing on Canada’s national pastime
Economists take another jab at low rates
Core inflation is nearing a seven-year high, but should that prompt the government to consider raising the overnight rate? Economists seem to think so
Renewed concerns about a big bank takeover
A recent lender acquisition has renewed concerns that more amalgamation could be in store, and brokers fear it could be a big bank doing the buying
Players call for level playing field
Big banks continue to undercut their own broker partners by offering proprietary mortgage products exclusively in-house
Association goes to bat for lenders
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
Economist cautions BoC
Speculation has begun to swirl prior to the next Bank of Canada rate meeting, with one economist vehemently arguing against further cuts.
Broker bested by big banks on certain deals
One broker has lost a large chunk of business to the big banks, after his preferred lender started refusing to do one type of deal.
Broker calls for grow-op reform
The government must clear up confusion about what is and isn’t a “grow-op,” warns a broker concerned healthy properties are getting pulled up with the weeds.