MERIX Financial’s interest-only mortgage, introduced a year ago, is taking the broker channel by storm because of how neatly it fits into borrowers’ financial lives
December saw a double-figure rise in sales of new homes in the US according to new data from the Department of Housing and Urban Development and the U.S. Census Bureau.
One big bank has made a bold rate prediction for the near future but brokers aren’t biting.
The managing director of one of the world’s best known companies reflects on her experiences
A major Canadian bank has lowered its five-year fixed mortgage rate – and others are expected to follow suit – but brokers' main source of referrals, Realtors, don't believe the decision will have a drastic impact on housing market performance.
It was always going to happen but while last week the big lenders were reluctant to pass on the Bank of Canada’s interest rate cut to borrowers, this week there’s talk of a price war.
There’s a reported shortage of building land for single-family homes in Calgary.
A further 0.25 per cent cut in interest rates is being forecast for March in a new report from the TD Bank.
Canadians are increasingly pessimistic on the economy and house prices.
Finance Minister Joe Oliver has said he will not interfere with the housing market – or force banks to lower their interest rates, despite the Bank of Canada’s announced rate cut.
Recent rate cuts to both prime and fixed mortgage rates will likely have clients considering both fixed and variable rates. Which one will prove to be the best option?