Housing prices are unsustainably high in Canada’s major centres, says a report from the Canadian Centre for Policy Alternatives (CCPA). “The steep rise in house prices in so many cities…
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A commenter wrote yesterday about how easy it is to get into the mortgage business, suggesting that we’re not a true “profession” given the low barriers to entry. We don’t...
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If you had to pick one rate for the rest of your mortgage life, and your only two choices were a 5-year fixed or a 5-year variable, which would you...
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75% of households own a home by retirement, and almost 3/4 of those don’t have a mortgage. That’s according to a Statistics Canada study issued on Monday. StatCan says, “The...
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Canadian Mortgage Professional (CMP) ran a story last week that caused quite a stir. The article was about a new low-rate promotion from CanEquity. Brokers commenting on the story criticized...
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The average Canadian home value fell 1.2% in June. It was the first drop of 2010. There’s one thing about price declines: They’re good at making people ask: “Now what?”...
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Here’s an interesting report from the Globe & Mail on the probability of recession, as predicted by the yield curve. See this story. The yield curve is a line chart...
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An Ontario court has found an unwitting mortgage co-signor liable to RBC for over $108,000. The loser in the case was a regular working mom with three kids. Her mistake...
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That’s what BC’s Civil Forfeiture Office calls Royal Bank and BMO, according to the Vancouver Province. The charge results from RBC and BMO allegedly taking a blind eye to mortgage...
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14Jun
Customer Data Protection
Filed Under: Mortgage Broker News, Mortgage Commentary by: Robert McLister
Extrapolating is an innate human tendency. So when people read in the papers that a small group of mortgage brokers failed to protect client data, it damages the reputation of...
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