Recent BoC rate hike might change this trend, however
It could make a mess, but merging two small brokerages may also make the most of a mediocre market.
The latest figures from CREA show that the rise in home sales depends on the local market.
The Bank of Canada has lowered its overnight rate to 1/2 per cent.
With CAAMP set to re-evaluate its future – and the role the next leader will take – industry players believe there are certain things the association should focus on, including providing more support specifically to brokers.
Economists are almost split down the middle as to whether the Bank of Canada will cut its rate later today, and one industry association is warning against it.
As more lenders move into the alternative space thanks to the current stringent lending rules, lenders are looking to brokers to up their game to ensure those clients with bruised credit are securing mortgages.
Exponential year-over-year volume growth has prompted one national broker network to add a new president to its team.
Can brokers expect a second rate cut this week?
One brokerage is celebrating its 15th anniversary with a national celebration on Wednesday, July 15, that will see barbecues and gatherings in 17 communities across Canada.