Budget 2022 - all the news and reaction, Broker experience, Ontario housing, RBC, More

Budget 2022: Mortgage industry on hits and misses

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08 April 2022

Top news Budget 2022: Mortgage industry on hits and misses Some proposed measures were long overdue, while others impact consumers' interests How RFA is driving a better broker experience The company is placing feedback front and centre in its bid to serve its broker partners Outstanding income taxes paid There is more to the file than just high ratios and owing income taxes. In this case, Bridgewater Bank's expert BDM worked with the broker to understand their self-employed client's story. Strong income and the central location made it an easy refinance at a great rate. The client paid off outstanding taxes with the equity and is now in a great financial stage! Bridgewater Bank Budget 2022: Big banks and insurers take a hit Country's major financial institutions made big profits during the pandemic Budget 2022: Feds create new tax-free account for first-home buyers There is a tax boost too… Budget 2022: Housing supply gets $10 billion boost Idea is to speed up home construction and repairs Budget 2022: Billions poured into Indigenous housing needs It is also helping communities with a harmful past RBC on divergent housing market trends across Canada Some regions are faring significantly better than others, RBC analyst says Avison Young on the Canadian office market's prospects Average foot traffic volumes are at their highest since pre-pandemic levels New investment funding earmarked for Ontario community Housing project to add much-needed supply to the Powassan region Is there a trick to happiness at work? The definition of happiness is basically a combination of three things, says employee happiness researcher international news CEOs call for industry to work together on vulnerability Intermediaries, lenders and technology platforms need to be in sync Mortgage veteran - From humble beginnings to speeding up the lending process He wants it to be as easy getting a mortgage as it is buying shoes on Amazon Bank expands into broker lending market New partnership will benefit government, emergency services workers Banks may have been too restrictive in applying lending rules Some lenders were interpreting the rules more strictly than the policy had intended, MBIE says CMPTV CEO offers mortgage market updates CMP talks technology, the spring market and more with the industry stalwart

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