Broker shares wish list for industry in 2014
With a new year upon us, brokers each have a wish list of things they’d like to see happen in the mortgage industry, although one leading player is hoping for as little change as possible. At least in one area.
Canada's mortgage book improving
New CMHC data revealing the improved quality of Canada’s mortgage book may encourage brokers to tell both Jim Flaherty and Julie Dickson “I told you so” for even suggesting further tightening.
Broker fears CMHC downsize
While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.
Brokers react to Poloz
In the wake of Stephen Poloz’s announcement that he believes Canada will avoid a housing bubble, brokers may agree but they are still wary of any future interference by Finance Minister Jim Flaherty.
Bozic on Flaherty
One of the industry’s most influential thought leaders pulled no punches last Thursday when he was featured on the Canadian Mortgage Hangout (#cmhTV) – especially when talking about Finance Minister Jim Flaherty’s recent threats to intervene in the housing market once again if necessary.
CREA: Markets declined in October
The Canadian Real Estate Association (CREA) released its monthly numbers for all of Canada and – true to its forecast released last month – Canadian home sales have dropped in October 2013.
Flaherty stokes fears once again
Once again, Finance Minister Jim Flaherty has stoked the industry’s fears by stating that the Canadian government is willing to intervene if the housing market is viewed as a threat to the Canadian economy
Bank economist offers key forecast
One leading economist is offering both good and bad news for brokers concerned about the immediate future of home sales as interest rates tick higher and buyer appetite seems more and more uncertain.
Flaherty to discuss further changes with developers
Finance Minister Jim Flaherty will meet with developers to determine whether future interference in the housing industry may be needed.
Brokers blame busy August for slow September
September is traditionally a busy month for brokers, but summer’s end has been slow for some following a busy August that saw rate-holders flood the market.