On April 14, I attended the annual Independent Mortgage Brokers Association (IMBA) annual conference. We were fortunate to have Canada Mortgage and Housing Corporation’s (CMHC) Regional Economist, Ted Tsiakopoulos, share … Continue Reading Economic and Real Estate Outlook from Annual Mortgage Broker’s conference.
This week, we saw two major mortgage lenders raise their Variable rate pricing from Prime less 0.75% to Prime less 0.65% and Prime less 0.50%… This is really quite unexpected…. … Continue Reading NDP polls up and Variable rate mortgages more costly… coincidence?
We don’t normally get involved in politics on this site… not unless it can affect mortgage rates, the housing market or the economy…One of the more infamous examples was in … Continue Reading The effect of an NDP win or coming in 2nd place and mortgage rates.
The old Cashback mortgages As a general rule, cashback mortgage offers have never really worked to the benefit of the borrower. The Banks loves it when a borrower takes one … Continue Reading New Cashback mortgage offers are finally worth looking at!
Last week, an RBC Mortgage Specialist decided she needed to degrade Mortgage Brokers in order to get more business… Her marketing piece caught the attention of Mortgage Broker around the … Continue Reading RBC apologizes to brokers… sort of… Did they tell you they are brokers too?