On average, prices also exhibited strong gains
In the wake of falling rates, private lenders may have a tougher time selling clients on higher rates; but not if expectations are properly managed.
The big banks’ decision to lower their prime rates – but not fully match the mark set by the Bank of Canada – was about balancing the economy, according to one bank analyst.
It may seem ironic to some, but many brokers believe offering consumer credit card products is one of the most effective alternative revenue streams a player can add to his business.
Some people will never be convinced but yesterday federal finance minster Joe Oliver again repeated the government’s opinion: “we don’t think there’s a bubble.”
Disappointing data from Statistics Canada that show a weaker labour market in 2014 than previously thought has increased anticipation of another cut in interest rates.
Real estate agents are reacting to the new kids on the block that are taking a bite out of their business.
The big banks operating in the broker channel aren’t doing themselves any favours by refusing to drop their prime rates, despite some of their competitors already doing so.
A number of the big banks have announced special fixed rate promotions and cuts to their prime lending rate, but what are monolines doing to ensure brokers have a competitive advantage?
Times are changing for mortgage brokers, and here are six tips to ensure you thrive while trying to stay relevant.
The big banks have cut their prime rates after RBC became the first to make a move.