New mortgage growth slows as rising interest rates and soft real estate market take effect Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018.
Advertorial By:HomeEquity Bank In today’s challenging economic climate, it’s more important than ever to stay top of mind with clients to expand your reach and grow your business. HomeEquity Bank’s Broker Launchpad gives you access to a suite of professionally designed and customizable marketing materials to target the 55+ demographic and reach them where […]
In today’s challenging economic climate, it’s more important than ever to stay top of mind with clients to expand your reach and grow your business.
How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…
How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…
Advertorial By:HomeEquity Bank With real estate activity down in 2023 compared to the previous year due to high interest rates, many brokers have been mining their databases for refinancing opportunities with existing customers. Although central banks have paused interest-rate hikes, inflation remains an ongoing concern. Against this backdrop, longer-term demographic and economic shifts are […]
To continue growing their business, savvy brokers will need to expand their product offerings and offer lending solutions that meet their clients’ changing needs. The CHIP Reverse Mortgage by HomeEquity Bank is a solution that is tailor-made for the shifting economic climate.
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.