Changes to Canada’s CMB program could have unintended consequences, experts say As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences.
Value Connect on a mission to revolutionize appraisals in Canada When former mortgage broker Chris Bisson identified several pain points in how mortgage appraisals were being done in Canada, he decided to do something about it. The result was Value Connect, an appraisal technology company he founded in 2015 with the goal of eliminating appraisal pain points so people can get on with work and life. The result? Improved service for all involved in the appraisal process: lenders, mortgage professionals and their clients. “From 2008 to 2013, I really noticed
Nearly 40% of homebuyers choosing short-term fixed-rate mortgages: CMHC With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages with terms under three years.
Competition Bureau launches investigation into Dominion Lending Centres The Competition Bureau confirms that it has launched an investigation into alleged anti-competitive conduct by broker network Dominion Lending Centres Inc. (DLC).
Latest in mortgage news: consumer insolvencies at highest level since 2019 Consumer insolvencies in Canada have risen to their highest level in three years.
Industry giant Ron Butler launches his “Angry Mortgage” podcast After facing building pressure to host his own podcast, Ron Butler–one of the biggest names in the mortgage industry—this week launched his inaugural episode.
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.
Interest rates expected to fall to 3.00% by end of 2024 The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.
The latest in mortgage news: National Bank among first to offer First Home Savings Account National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.
Mortgage brokers rated their lenders, and these are the results If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?