Millenials driving condo market in GTA
Despite fears that the condo market is oversaturated and prices are bound to fizzle, homebuyers flocked the market in droves, pushing the number of sales in the GTA to eclipse the prior year’s.
More speculation about the overnight rate
Canadalend.com is weighing in on the divisive overnight rate debate, expecting it to hold at one per cent until well into 2014.
Brokers: Save 20 per cent on mandatory course
Brokers can save 20 per cent on tuition for REMIC’s upcoming 2014 Mortgage Broker and Agent Continuing Education course by pre-registering before November 1.
Credit Suisse: Not clear whether housing market will land hard or soft
In its annual Global Wealth Report, Credit Suisse paints a opaque picture of the Canadian financial picture; which it attributes, in large part, to an unclear housing forecast.
CAAMP announces list of reps
CAAMP recently released its roster of representatives for the upcoming two year term and one elected broker hopes to continue the tradition of giving brokers a national voice.
One player tries to save your clients money
Though they specialize in townhouses, one industry player is making a recommendation to CMHC that may save your clients 15 per cent on their housing insurance.
MCC still strong following buyout
Since Dominion Lending Centres acquired control of MCC, the broker network has not lost a single brokerage, according to its CEO, addressing speculation..
Calgary brokers may be in for a tough few months
Calgary brokers may have it tougher than their counterparts in other provinces over the coming months, as house prices are being driven up by a lack of inventory.
B-deals take different skill-set
As lending rules are continually tightened, some brokers may look to diversify their offering by targeting clients who do not fit the typical A-type profile. However, one leading broker in this space believes it takes a whole other skill-set than more traditional deals do.
New broker doesn't last long as independent
For new mortgage brokers, joining a large broker network may be the way to go – as the connections and guidance can help rookies sharpen their skills in an increasingly competitive industry.