In a one-on-one interview with MortgageBrokerNews.ca, one economist discussed the biggest issues facing brokers in 2015 as well as a forecast for the condo market over the next few years.
The Teranet-National Bank index of home prices has increased by 5.4 per cent from a year ago.
Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.
One industry player on the front lines has confirmed what one economist has said about worrisome Canadian markets.
National Bank economist Marc Pinsonneault says that we should be concerned about the housing market but not the much-talked-about heat in Toronto and Vancouver.
Brokers advised an investor client – who closed two deals in one day -- to not disclose the second planned property purchase to the lender as a work-around for one lending rule.
The latest figures from Teranet-National Bank House Price Index exceeded the historic average for August, with a 0.8 per cent increase for repeat sales of single-family homes.
CMHC figures support a soft landing… House prices up again in July, except in Winnipeg… Could we be about to see wooden skyscrapers?… And why 45-64 year olds are a ‘sandwich generation’?
When it comes to wait times are the monolines truly better than the banks?
Three of Canada’s biggest financial institutions have released reports; the Bank of Montreal predicts a housing market slump in the next 5 years… the Bank of Canada says any crash would be devastating for the whole economy and the Teranet- National reports price rises in May….