Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award
Equity Financial Holdings Inc., the parent company of Equity Trust has reported strong growth in its mortgage business for the first quarter of this year.
Canada’s economy will grow by 1.5 to 2 per cent this year and unemployment will continue to be higher than normal.
The weekly barometer of consumer confidence from Bloomberg/Nanos shows that Canadians are still growing in optimism for the economy.
Housing starts are down, and one major market has been hit the hardest.
Meridian Credit Union’s record-low mortgage promotion drew a lot of interest from potential clients, according to the company’s president, and not just for that specific product.
Brokers frustrated by appraisal management companies may have to look to lenders to bring about change.
For many Canadians the use of home equity has become the credit line of choice, replacing credit cards, and this is worrying say consumer advocates.
Amid the competitive environment of the current mortgage market creativity is winning for many mortgage brokers and lenders.
Economists at BMO Nesbitt Burns forecast that Newfoundland and Labrador will slip into recession this year but Alberta will narrowly avoid one.
Brokers and appraisers have both expressed frustration about appraisal management companies, and now the country’s largest provider is responding to broker feedback.