Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award
Brokers frustrated by appraisal management companies may want to take a page out of one professional’s playbook for dealing with lender demands.
Another banking veteran, now a broker, is criticizing the increasingly close relationship between Realtors and some of the big six banks, suggesting it comes at a disadvantage to clients.
After postponing the federal budget in mid-January, Finance Minister Joe Oliver has scheduled the budget for Tuesday, April 21.
Vancouver’s residential property market was busy in March with MLS sales up 32.6 per cent from February and 53.7 per cent from March last year.
Toronto and Vancouver are the only cities seeing home prices grow above the average according to a report from BMO’s Robert Kavcic.
New listings of homes in Toronto are expected to surge now that April’s arrived.
Average home prices in one key Canadian market have declined by nearly one per cent in the first quarter of 2015 – new stats confirming a buyer’s market.
Fewer lenders are allowing brokers to choose their own appraisers, and players are once again airing frustration about the appraisal process; a process one appraiser refers to as “a total racket."
A bank road rep tell-all has brokers’ backs up after he suggested the channel’s deals are “dirtier” than those funded on the bank side. But at least one lender has come to the aid of his channel player partners.
Lower immigration from other countries and fewer Canadians moving to Alberta from other provinces will play a part in rising condo rental vacancies in Edmonton this year.