One broker, frustrated by slow underwriting turnarounds, is pleading with lenders to fix the inefficiencies.
After a big bank gets into the short-term promotional mortgage game, one broker is claiming players will have to eat commissions to stay competitive.
One broker believes the Bank of Canada is sending mixed messages about the state of the housing industry based on who – and what – it is trying to influence.
With dizzying growth in home prices and sales, analysts are addressing broker concerns about a possible crash in key real estate markets.
With average prices and home sales in some of Canada’s largest cities continuing to experience astronomical growth, many analysts are wondering just how long it will take for those markets to come crashing down.
It was a bold rate prediction made by a solid source, but one that has already been shot down by the channel’s leading economist.
One broker believes clients now putting less than 10 per cent down will be more overleveraged than those who purchased with zero down.
An average $5-a-month hike to mortgage insurance premiums may seem inconsequential, but brokers believe the effect on homebuyer equity will prove disastrous.
Fewer lenders are allowing brokers to choose their own appraisers, and players are once again airing frustration about the appraisal process; a process one appraiser refers to as “a total racket."
The biggest of the big banks has brought back its “employee pricing” on mortgages, but the industry argues brokers will be the biggest beneficiaries.