In a one-on-one interview with MortgageBrokerNews.ca, one economist discussed the biggest issues facing brokers in 2015 as well as a forecast for the condo market over the next few years.
Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.
The value of building permits issued in September was 12.7 per cent higher in September following a drop of almost a third the previous month.
Brokers are already bracing for a surge in the number of mortgage specialists entering the channel, with one big bank’s announcement that it will shed 1,500 positions in a drive to achieve “greater efficiencies” – even at a cost of $148 million.
A new rental supplements program in Nova Scotia will give the region a much needed boost for affordable housing for seniors and low income families.
Despite a positive year-over-year result, national home sales were down in September; the first monthly decline since January.
The CEO of the Bank of Nova Scotia says that concerns over a housing bubble are overblown and the word ‘bubble’ is overused.
As expected, Nova Scotia has banned high-volume fracking except for testing and research purposes.
The former manager/COO of one of Canada’s largest brokerages has resurfaced as the president of a rate site’s brokerage arm – a move likely to drum up some debate in the industry.
There are frequent calls for more data to be made available especially in terms of assessing the potential for corrections in the market but is it really in the best interests of the industry?