Despite sales declines, the future looks good for the industry
Brokers can expect the next few years to be fruitful, according to one major bank, with Millenials and immigrants expected to bolster many housing markets.
Early results reveal increase optimism from brokers
Brokers are optimistic about the year ahead, according to early Broker Sentiment Poll results. There is still time to have your say in the industry’s most comprehensive survey about the brokering industry. Click here to take the quick five minute survey.
Big city’s home prices up 10 per cent
The average selling price for a house in Toronto for the first half of February 2015 was $602,110, a 10.3 per cent increase compared to the average reported for the same period in 2014
Toronto continues to surge in February
There’s no slowdown in sales in Toronto according to new data.
CIBC warning on risky lenders
The shadow lending market is growing as tighter regulations force the major banks into tighter controls.
Consumer confidence continues to fall
Consumers are feeling less confident in the economy and real estate prices according to the latest Bloomberg Nanos Canadian Confidence Index.
More Canadians expect to be working past 65
Retirement is getting further away for more Canadians.
Many brokers to struggle with high-ratio deals in 2015?
Brokers in one region of the country should expect some difficulty funding high ratio mortgages, after one mortgage default insurer has said it will more closely analyze applications from those clients going forward.
Ten year study reveals surprising stats
A new study, ten years in the making, will help brokers better advise clients who are interested in purchasing one of the most popular property types.
For investor clients: Fixed or variable?
The decline of interest and prime lending rates have provided investors and other buyers with unique investment opportunities but with uncertainty still ahead, the question remains: Variable or fixed for your investor clients?