CMHC insurance in force to decline in 2014
And the trend continues, with the Canada Mortgage and Housing Corporation (CMHC) cutting the number of insured mortgages it will issue this year.
OECD calls for CMHC cuts
The Organisation for Economic Co-operation and Develeopment (OECD) has joined the list of groups calling for cuts to government-backed mortgage insurance in Canada.
RBC offers ‘employee pricing’ mortgages
The Royal Bank of Canada is taking a page from auto dealers by offering “employee pricing” to home buyers, reports The Financial Post.
Private insurers won't follow CMHC's lead
Phew! Genworth Canada and Canada Guaranty have decided not to follow in CMHC’s footsteps and change their programs for self-employed buyers. But is this only a temporary move?
Networks prepare brokers for anti-spam law
Networks – and at least one broker association -- are stepping up to help their broker partners prepare for the upcoming anti-spam legislation.
Condos may be shrinking out families
A lack of family-friendly condos are being built in Canada’s most populous city could be a problem, reports The Globe and Mail.
CMHC cuts to lead to privatization?
According to a Financial Post source, the CMHC's decision to cut two of its programs moves it one step closer to potentially privatize the crown corporation.
Brokers feel slighted by CAAMP article
A sponsored feature in the Globe and Mail by CAAMP President and CEO Jim Murphy has divided the industry; with brokers who are not AMP-designated feeling snubbed.
Last chance for Mortgage Summit tickets
Sometimes you get to encounter situations where you have a potential deal with a client and you know that it's almost good as sold. But then, the unexpected happens where the client starts to lose interest in the deal, especially if they think they found a better deal somewhere else. How do you deal with these kinds of situations?
CAAMP CEO extolls benefits of AMP in national paper
CAAMP CEO, Jim Murphy, is using a column in the country’s leading national newspaper to hawk the benefits of using brokers but more specifically – and more controversially – those of AMPs.