Daily Market Update:Foreign Investors spike home prices |Vancouver values soar | Alberta high speed
May begins at a frantic pace in Vancouver, but is this an overheating market or just part of the globalization of real estate?..... Property prices help keep consumer confidence high….. and is Edmonton ready for a high-speed link to Calgary?
Commercial mortgages reach $185 billion
Commercial mortgages are an increasingly lucrative business and these latest Canadian statistics may draw a few more players to the game.
Broker points out product's limitations
One broker has gone on the offensive to combat Investors Group’s 1.99 per cent three-year variable rate by outlining the product’s drawbacks.
Don’t worry about Canada's housing market: Carney
Mark Carney is now shrugging off concerns about Canada’s housing market.
Market Update: May 16
Affordability forces baby boomers to make tough choices in B.C...Calgary's commercial market cools down...And our oil rich regions prove the best in the world.
Want a mortgage? Don't eat steak...
Mortgage applicants in the UK are being asked increasingly intrusive questions by lenders including whether they play golf or eat steak, in what has been dubbed ‘Spanish-inquisition’-style interviews.
Business for self deals are all about relationships
Industry players are frustrated by the lack of options for self-employed clients but the best way to navigate this area, according to one broker, is to assemble a solid stable of a few lenders willing to go the extra mile.
Monolines surprised by rate; clients curious
Reports of Investor Group’s recent 1.99 per cent three year variable rate “shaking” the industry weren't exaggerated, with lenders being caught off guard and scores of clients inquiring about similar products.
Soft gains made in April: CREA
Overall, eight provinces saw year-over-year sales drops in April 2014 but big gains in two major softened the blow for the rest of the country.
CMA Twitter highlights
For those who missed the annual Canadian Mortgage Awards, your colleagues have you covered with a comprehensive Twitter recap, using the hashtag #2014CMA – check out some of the evening’s best Tweets.