Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Home Capital shares tumble after OSC launches proceedings against firm, executives + MORE Apr 21st
Home Capital Group Inc. shares touched a one-year low on Thursday, a day after the Ontario Securities Commission launched proceedings against the Toronto-based mortgage lender and some of its current and former executives..... More »
Financial Services Commission of Ontario + MORE Nov 4th
Company: FSCO Position: Compliance Officers Location: Toronto, ON Compliance Officers Do you demonstrate sound knowledge of market conduct assessment principles, combined with exceptional customer service and financial analysis skills? Then consider these opportunities with the Financial Services Co.... More »
MCAN Home’s ICON Partner Program Rewards and Unites, Prioritizing Brokers and their Clients + MORE Feb 9th
When the MCAN Home Mortgage team was planning its ICON Partner Program launch, they didn’t realize how critical the focus on experience, community and relationships was about to become..... More »
Reverse mortgages are on the rise, but are they the right choice? Feb 21st
The number of reverse mortgages has surged recently. Experts caution it’s worth exploring all other options first, like lines of credit and downsizing..... More »
CMLS Financial + MORE Apr 16th
Company: CMLS Financial Position: Sales Administrator, Residential Mortgages Location: Toronto, ON Sales Administrator, Residential Mortgages Years of Experience Required: 2+ Are licenses or registrations required? No How should candidates contact you? Candidates can apply to careers@cmls.ca .... More »
CMHC forecasts moderation in Canadian housing market
– moneysense.ca
OTTAWA – The Canada Mortgage and Housing Corp. says it expects housing starts in 2015 will dip slightly compared with last year, but remain broadly in line with economic and demographic trends.The federal housing agency says housing starts are expected to decline by 1.0 per cent in 2015 compared with 2014 under its base-case scenario, while it expects Multiple Listing Service sales to stay the same and the MLS average price to increase by 1.5 per cent.
CMHC says it expects housing starts to range between 154,000 and 201,000 units in 2015, with a point forecast of 187,400 units.
The following year, the agency forecasts housing starts to range from 148,000 units to 203,000 units, with a point forecast of 185,100 units.
The agency expects MLS sales to range between 425,000 and 504,000 units in 2015, with a point forecast of 479,900 units.
In 2016, the CMHC forecasts resales to range from 410,000 units to 505,000 units, with a point forecast of 474,400 units.
The agency expects the average MLS price to be between $384,000 and $428,000 in 2015, with a point forecast of $414,200…
Rate Wars in the Broker Channel
– canadianmortgagetrends.com
Mark Kerzner, Special to CMT Competition in the mortgage origination market has benefited consumers, full stop. Two years ago I wrote this column. It provided evidence that a strong broker channel keeps lenders competitive, thereby benefiting consumers. The same holds true today. While broker share is approximately 30% of the total market, it operates as […]
