Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award
Sales activity continues to defy expectations, with Canadians taking advantage of warm weather and low rates in April for a 10 per cent spike in sales volume.
The Canadian Mortgage Awards are set for this Friday, with the event’s sponsor – a leading lender – speaking to the importance of that recognition of excellence.
Industry players have been critical of one big bank’s promises for the future.
One big bank’s ongoing solicitation of real estate agents for referrals is frustrating brokers, who see it as a ploy to move mortgage business into the branch.
Recently released data by one big bank points to Canadian preferences for mortgage products points to a need for more education among homebuyers, suggests one broker.
Brokers in this one main market enjoyed a booming start spring, despite previous worries of a market downturn.
Some households are carrying too much mortgage debt even if the housing market remains stable.
The sharp rise in Canadian government bonds is likely to push mortgage rates higher in the coming weeks.
A Conference Board report says that Vancouver, Toronto and Halifax will outperform other Canadian cities thanks to a weak Canadian dollar and growth in the US economy.
New financial results for Counsel Corporation which includes mortgage lender Street Capital show strong growth in the company.