Not a full month into the latest B-20 regime, one thing has become clear: The mortgage industry's fears about having difficulty qualifying clients weren't unfounded
Multi-unit starts in three regions paved the way for an increase in overall Canadian housing starts in May, but a slight moderation is also in the offing.
One industry player expects Mortgage Investment Corporations to go the consolidation route in the face of increased regulatory oversight.
Lenders are offering brokers false promises in answer to a very big gripe.
Brokers in this one major market may have noticed a decline in clients seeking mortgage for condos – and that trend may continue with fewer starts being reported as well.
Broker frustrations about inconsistent payment penalties have sparked a creative solution.
With household debt at record levels, one B.C. man’s fast foreclosure serves as a cautionary tale for the rest of Canadians.
Those workers who make up the millennial age group have surpassed their Generation X elders in North America – but the demographic of those approving the loans remains in the mid-50s in age.
Brokers have been frustrated by tightened underwriting from both the insurers and the monolines, and one lender has stepped up to provide some more clarity on how premiums are determined.
If the trend continues, brokers in this market may experience dwindling deals as price growth prohibits first-time buyers from entering the market.
When talking about the five C’s of credit, there is a difference in where conventional and private lenders place the order.