Rate war reignited; brokers not intimidated
ScotiaBank is the latest lender to offer a sub-three per cent mortgage rate but one broker doesn’t feel threatened by the latest offering; even though he does realize it will bring in a fair amount of business for the big bank.
Daily Market Update
Another shake up in mortgage rates, with a new low in 5 year fixed deals…. Stats Canada reveal 2011 Census data…. And why Toronto developers have rushed to secure building permits….
Soft gains made in April: CREA
Overall, eight provinces saw year-over-year sales drops in April 2014 but big gains in two major softened the blow for the rest of the country.
Lender expands to Eastern Canada
Brokers in Atlantic Canada may feel like they often get the short end of the stick but one mortgage company is banking on the area's mortgage business to help grow its own assets.
Bank joins forces with Canadian retailer
Here’s a new incentive that brokers may not be able to compete with: one big bank will offer $500 cash back when customers take out a mortgage. In Canadian Tire money, that is.
No such thing as 'employee pricing' mortgages?
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
Top independent brokerages take a bow
Truly independent brokerages are an increasingly rare breed in the broker channel, with CMP now highlighting their accomplishments and, indeed, their tenacity.
Market on 'subdued trajectory'
ScotiaBank delivered some less-than-optimistic news to mortgage brokers and those who depend on the housing industry for their livelihood.
Canadians paying off their mortgages
A study released Tuesday, indicating a healthy mortgage industry, may stop Finance Minister Joe Oliver in his tracks
CREA updates forecast
The Canadian Real Esate Assocation (CREA) updated its forecast for home sales in Canada Monday and the new data points to a very modest sales increase for 2014 and 2015; indicating brokers may have a tougher time funding deals in the next 24 months.