Mortgage market challenges, Multi-units, Rocket Mortgage, Airbnb, Home prices, More

Challenges in Canada's mortgage market

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24 October 2022

Top news Challenges in Canada's mortgage market It's been a dramatic year - here's how to keep business on track CMHC program proving a hit in commercial sector The product has helped borrowers navigate a complex rate environment, says commercial specialist Helping newcomers to Canada buy a home Brokers can act as an invaluable resource for newcomers looking to buy their first home in Canada Extra wiggle room with 35-year amortization With interest rates on the rise, affordability is a big concern for borrowers. In this scenario, the borrower needed help with cash flow to pay off some debt. Our expert BDM worked with the mortgage broker to help lower their client's monthly payments and free up some ratio room. The solution? Refinancing on a 1-year term at 6.19% with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt. Deal done. Bridgewater Bank Rocket Mortgage Canada exec on the value of a shared dream A thoughtful approach has served this mortgage veteran well all these years Canadian Mortgage Summit – Broker Think Tank The panel will discuss how mortgage ventures can take their next steps Is Airbnb contributing to the housing crisis? Plus: How the COVID-19 pandemic changed the course of short-term rentals StatCan on the factors dominating current home price dynamics Canada's average new home prices saw their first monthly decline in nearly three years Poloz: Inflation management, economic stability not mutually exclusive A 2023 recession is still possible, but Canada's fundamentals will make the slowdown more bearable, former BoC governor says Analysis: Rough waters ahead for Canada's businesses This would likely have a considerable impact on consumer power International news Martin Lewis advice: Is going on to an SVR a smart tactical decision? Mortgage industry reacts to comments regarding lenders' SVRs Mortgage industry reps give insights into market From all aspects of the industry, convention attendees assess the situation Lenders discuss their success at Australian Mortgage Awards 2022 Brokers play pivotal role, say industry leaders FMA issues warning to wholesale property investment firms This after discovering non-compliant practices

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