What if anything could you do?
The developer behind the Trump tower in Toronto has yet to close on 201 hotel-suites bought by investors who are unable to secure mortgages. The dilemma begs this question: What could you do for such a client?
Should brokers thank CMHC?
Thanks, CMHC! The latest move by the Crown corporation has pushed a wave of fence-sitters into making purchases today fearing increased rates tomorrow, say brokers.
Brokers: New MonCana will better the banks
Brokers are weighing in on the acquisition of MonCana by Canadian First Financial and while opinions diverge many laud the deal as a way to better compete with the banks.
You know about rates sites. What about rate apps?
Rate shopping made even easier?
Comparison site RateSupermarket.ca is now offering a mobile app billed as “the answer to your mortgage mobile prayers” and focused on comparing up-to-the-minute bank, broker and credit unions rates.
A reason for broker optimism
There's yet more indication demand for homes isn't about to hit the skids, with housing starts trending at 187,416 units in July -- down only a hair from June.
Canadian First Financial buys MonCana
In a statement released today, Canadian First Financial and MonCana Capital Corporation announced the acquisition of Moncana Capital by Canadian First Financial.
Brokers sweeten their benefits packages
In the hopes of holding onto their best employees, brokers are embracing more creative benefits packages. Those strategies are so creative, in some cases, they may just prompt an influx of job applications.
Which broker lender will feel the CMHC pinch?
Brokers are already positing their own theories on which lenders will be hardest hit by CMHC’s move to cap access to government guarantees for securitized mortgages.
Stronger lender for A deals emerges
Move over A lenders: Home Trust is poised to expand its presence in that sphere after winning the green light for a new -- OSFI-approved -- securitization model.
Brokers ready for active August
Brokers expect August home sales to steal the fall market’s thunder as buyers look to move before a rise in interest rates – a trend July’s booming numbers highlight.