Significant decline in October sales makes observers nervous about the Vancouver market’s near-future prospects
New rules burden middle-class would-be home buyers unnecessarily, says an observer.
The Bank of Canada is not entirely sure how much the new mortgage rules will slow the housing market, despite releasing forecasts in its Monetary Policy Report
Brokers and lenders were working overtime last weekend to fund last minute deals prior to Monday’s mortgage rule deadline
There has been no shortage of opinion following the recently announced mortgage rule changes, and the country’s largest network has now weighed in
Canadians might also be forced to pay more on their loans in the near future, industry observers caution
It may be the most overlooked aspect of the Department of Finance’s most recent rule change announcement, but one economist who expects banks will soon shoulder more mortgage risk believes it will have a major impact on consumers
"From the Brokers perspective it seems that clarity on the details as they apply to a file are sinking in and pretty clear," according to one industry veteran
Competition may be ramping between brokers and lenders for client business at renewal time. We spoke with two brokers and a lender to get a sense of how that delicate process is navigated
DLC cautions that economic impact of oil weakness might linger, however