Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award
It's the sort of news brokers hate to hear, with one organization raising the issue of further mortgage rule changes.
With increased competition among banks and credit unions, one professional believes the move to a fee-only model could be the key to keeping brokers on top.
Some brokers are pointing to real concerns for those borrowers opting for Meridian’s 1.49 per cent offer – their objections having little to do with personal concerns about the lender’s sales strategy.
Brokers hoping for another gift from the Bank of Canada at Wednesday’s rate announcement may be out of luck, if experts pointing to new economic data are correct.
Two reports this week show the different states of commercial real estate markets in Calgary and Ottawa.
Job security and real estate prices are two key elements of consumer confidence that are trending higher according to weekly figures from Bloomberg/Nanos Research.
Whenever mortgage rates are cut there are negative reports that claim that lower rates leads and irresponsible lending are creating a household debt ‘time bomb’.
With a leading lender’s refusal to offer its broker partners access to a record-low rate promotion, some players are suggesting a boycott.
It was a bold rate prediction made by a solid source, but one that has already been shot down by the channel’s leading economist.