Toronto to cause correction?
Canada’s largest housing market may be cause for an eventual correction, with a new outlook from BMO Capital Markets pointing to an unsustainable mix of accelerating Toronto home prices and eventual rate hikes.
Industry player on how to handle press, good or bad
One industry player suggests all press about brokers is an opportunity to engage clients; his opinion coming on the heels of what many consider a negative story.
Broker network exec questions value of AMP
One executive at a broker network is sharing his thoughts on CAAMP’s move to overhaul the AMP designation and his suggested priority list for the association.
Broker Lifestyle prize winner revealed
CMP received an overwhelming response for its first-ever Broker Lifestyle issue and one lucky contributor will be receiving a Samsung Galaxy Tab in the mail this week.
Fixed rates to remain low until 2015 spike
The Canadian Mortgage and Housing Corporation is forecasting fixed-interest rates increases in 2014, though brokers can breathe a sigh of relief as rates are still expected to remain historically low.
The 'Gordon Gekko' of the mortgage industry?
When your own attorney compares you to Gordon Gekko in court filings, it’s probably not a good sign.
Are 3D printed homes the future?
Don’t worry: We’re not talking about homes made of Playdo or, even, plaster of Paris. Rather brokers may soon be arranging mortgages for cement houses made entirely by 3D printing.
Broker calls for insurers to provide flagged properties list
One industry player is calling on the mortgage insurers to make a list of red-flagged properties available to mortgage brokers and Realtors, after a deal fell through in the 11th hour.
TD mortgage clause change
One broker said he is getting nowhere in trying to find out why TD has altered the fine print in its VRM contracts for conventional mortgages – specifically around when a spike in LTV triggers demand for a lump-sum payment or a new appraisal.
Banks' ignorance opens opportunity for monolines
A leading Realtor and developer is frustrated by big banks’ ignorance about -- and unwillingness to provide lending for – an increasingly popular housing option; but perhaps monoline lenders can pick up the slack.