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May has been a busy one for Toronto-based brokers, according to new data that points to a substantial year-over-year uptick in sales.
Fitch Ratings has downgraded its support ratings for many of Canada’s banks and mortgage lenders from 2 to 1.
A new report from CIBC World Markets says that consumer insolvencies in Canada are on the rise and notes the “damage from lower oil prices” as a cause.
The confidence of Canadian consumers is still hovering around the highs for the year so far but dropped last week.
Low mortgage rates have boosted affordability in the US housing market in the first quarter of this year but are likely to be volatile in the coming months.
A highly influential rate forecast is offering great news for brokers, but also a little bad.
Sales activity continues to defy expectations, with Canadians taking advantage of warm weather and low rates in April for a 10 per cent spike in sales volume.
The Canadian Mortgage Awards are set for this Friday, with the event’s sponsor – a leading lender – speaking to the importance of that recognition of excellence.
Industry players have been critical of one big bank’s promises for the future.
One big bank’s ongoing solicitation of real estate agents for referrals is frustrating brokers, who see it as a ploy to move mortgage business into the branch.