CREA: Market to slow
The Canadian Real Estate Association (CREA) released its monthly sales numbers for all of Canada and, although the market has normalized following a sluggish start to the year, the organization foresees a slowed market in the coming months.
Self-directed RRSPs: a dying breed?
Banks have pulled back on their willingness to facilitate mortgage investment as part of self-directed RRSPs – a concern for brokers worried about shrinkage in alternative funding.
Leading brokers discuss loyalty agreements
Leading brokers discussed MortgagBrokerNews.ca’s latest Big Story at their weekly Canadian Mortgage Hangout and opinions diverged when it comes to loyalty agreements; an issue moderator Jackson Middleton considered “contentious… with a lot of different opinions”.
Buyers scrambling to re-qualify as pre-builds close
Buyers with long-term rate holds on pre-build condos are increasingly scrambling at closing to re-qualify, due to tighter lending rules.
Experts: Mortgage rates will decline
Brokers and their clients, as reluctant as they may be, may owe tea partiers in the United States a vote of thanks as their antics are expected to lower fixed rates in the short term in Canada.
Canadian Mortgage Backed Securites: The next big thing?
An increasingly important lender in the broker channel has successfully arranged a Canadian Mortgage Backed Securities (CMBS) transaction involving $400 million in commercial financing – marking the largest deal under the program since 2007. But is it also a sign of more and bigger things to come?
CMP's first ever broker lifestyle issue
She drives a 3-series BMW, vacations in Muskoka, had her 25-year mortgage paid off in less than a decade. She also owns an investment condo downtown that is rented out to a university student – her own kid. Does this sound like the typical broker?
Condo Act review includes better education for first-timers
Adding even more discourse to an already hot topic, Canada’s Public Policy Forum released a report on Ontario’s Condominium Act Review at the end of September – which provides recommendations on how to better educate first time condo buyers.
Digital Marketing Bootcamp to be hosted by industry experts
Most brokers admit social media can help bolster business to unfathomable heights, but creating and maintaining an online presence just doesn’t come naturally to some. For them, digital experts are constantly posting blogs, writing articles and hosting seminars to help social media-phoebes break into the burgeoning marketing space – and one recent offering is hosted by two women with a great deal of mortgage industry knowledge.
Laurentian Bank does away with in-house specialists
With the announcement from Laurentian Bank that they are doing away with their mobile mortgage representatives, brokers in Quebec believe the reduced competition will make it easier to do business with the bank.