BoC - another hike, GTA market, CMHC's new offering, Fewer mortgages in Canada, More

Another BoC rate increase likely in April: BMO economist

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08 March 2022

Top news Another BoC rate increase likely in April: BMO economist The Bank's first rate jump since 2018 is unlikely to be its last "Encouraging" signs for GTA market: RE/MAX president The company has launched its Quarter Century Market Report, shining a light on Toronto's scorching real estate market Alt credit and gifted down payment secure couple's dream condo These clients thought their dream condo was unattainable due to high ratios and thin credit. Enter Bridgewater Bank's expert underwriter. A gift of equity was used for a portion of the down payment, bringing the LTV to 50%. After reviewing 12 months of personal bank statements as alt credit, the underwriter used a T1 and NOA to prove stable income, solidifying the deal and making this dream home a reality Bridgewater Bank Peak rewards program: How HomeEquity Bank helps brokers earn extra commission Bonus: earn even more money through our loyalty program CMHC launches latest multi-unit insurance offering The new product incentivizes rental supply preservation and creation, it says Poll: Rate hikes have a disproportionate effect on household finances Mortgages tend to "crowd out" other financial accountabilities How a sense of purpose toughens up a mortgage business "It's exhilarating and fun" Canadians taking out fewer new mortgages - Equifax Debt continues to increase Allied Properties announces major urban office acquisitions The high-value commercial properties are located in Montreal, Toronto, and Vancouver Banks' CEO pay surges in Canada Direct compensation is on the rise – and it's going up fast Company fined almost $1 million after staff cheat on training tests 1,200 PwC employees caught by accountability boards international news CEO bows out on a high Industry trailblazer looks back on four-decade-long career House prices surge at fastest pace since 2007 Average price hits another new high International Women's Day: What's holding back businesses run by women? Most women believe gender impacts one significant area, says study Award-winning brokerage discusses the importance of group support "It's allowed us to actually do what we're supposed to be doing, which is to write business for our clients and make sure they're being taken care of"

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