Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award
Listings are up while sales plunge.
Although an interest rate cut has the potential to increase consumer spending some analysts are suggesting this time will be different.
South of the border figures from the National Association of Realtors show that sales of existing homes increased in December by 2.4 per cent.
The biggest news wasn’t the rate cut; it was the way in which the central bank implemented it – and what it may signify for future interest rates, according to one industry leader.
FSCO and the Mutual Fund Dealers Association of Canada (MFDA) clarified their position on syndicated mortgages in a joint statement released Wednesday.
That’s the message being delivered by Kate Nankivell, whose LinkedIn and social selling business Force of Nature has evolved to help business people get the most out of the professional networking platform.
The Bank of Canada lowers interest rates and mortgages get cheaper right? Not necessarily.
Canadian households spent an average of $58,592 on goods and services in 2013, up 4.1 per cent from 2012.
When local house prices and rents become too unaffordable it can lead people to opt for unconventional solutions.
In what was described by one broker as “the most significant mortgage interest rate news in ten years,” the BoC’s surprise decision to axe its overnight rate target may have an unexpected effect on one type of mortgage product.