Banks set sights on condo market
The slight lull in one of Canada’s largest condo markets may soon come to an end, with the big banks refocusing on lending in that very segment.
Big banks view condo developments as lower risk
Big banks are increasing the level of funding for condominium developments viewing them as a lower risk than before.
Markets take a hit in January
Home sales dropped in 60 per cent of markets in January, marking the first year-over-year decline since April 2014.
Missed opportunity for brokers?
The big banks operating in the broker channel aren’t doing themselves any favours by refusing to drop their prime rates, despite some of their competitors already doing so.
Are the monolines competing?
A number of the big banks have announced special fixed rate promotions and cuts to their prime lending rate, but what are monolines doing to ensure brokers have a competitive advantage?
Up, down, or stagnant? What do brokers forecast for the overnight rate?
It’s time to have your say and vote on when – and if – the Bank of Canada will change its overnight rate this year. Take our latest poll.
Broker Association announces new members
One provincial broker organization announced the appointment of five professionals to its board of directors.
CREA revision led by two obvious markets
The Canadian Real Estate Association (CREA) has upwardly revised its forecast for annual housing sales in 2014 and 2015, projecting 481,300 units in 2014 – an annual increase of 5.1 per cent and the strongest annual sales since 2007.
Scotiabank breaks from the pack with interest rate prediction
Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall.
Residential building permits fall in latest report
The total value of building permits was $7.5 billion in October, edging up 0.7 per cent from September according to data from StatsCan.