The second quarter saw brokers veer from variable rate mortgages, even as most pundits abandoned predictions for a rate hike at the Bank of Canada and others actually anticipated a drop
Brokers are increasingly frustrated by lender “live deal” specials – some calling those offers little more than unproductive poaching
A former underwriter – and current broker – believes he knows why an increasing number of deals are falling apart at the last minute
It’s a small segment that punches above its weight, and it’s causing a lull in business for brokers in one major city
Falling home prices are causing issues for clients looking to refi in a market more accustomed to price hikes
Low interest rates have a growing number of millennials buying homes instead of renting, but lenders need to be careful, warn industry analysts
The industry is applauding Stephen Harper’s pledge to collect foreign ownership figures for Canadian real estate – and brokers argue that data should lead to restrictions
Brokers have long argued the barrier to entry for the industry is too low, and the Home Trust suspension of 45 brokers is further proof that a more stringent licensing process is required.
Tightened guidelines may be encouraging some mortgage professionals to take shortcuts, but that is no excuse say industry players reacting to Home Capital's move to suspend ties with several brokers
Exit plans for alternative clients are becoming increasingly important, as bundled mortgages become more prevalent