Billionaire bid, Wage demands, Rate increases, Office market, More

Finance billionaire eyes recovery with huge bid

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22 November 2022

Top news Finance billionaire eyes recovery with huge bid Major move came after a 40% stumble in shares Top union vows to press wage demands It heaps pressure on the Bank of 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 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 How heavily are rate increases weighing on BC's mortgage holders? Many BC homeowners might be forced to sell their current properties What is a "must" for the mortgage professional? "That's helped us really get to know what's going on in that transaction" Last Chance to Register Don't miss out on the Canadian Mortgage Summit this Thursday! Register before it is too late! Canadian Mortgage Summit Avison Young: Office market dynamics have significantly evolved in the largest cities Many larger tenants are shifting their operations from downtown areas to suburban outskirts BC government announces stronger measures to ensure better supply New legislation aims to address the province's perennial housing availability issues Leading lenders on the value of specialized lending solutions Executives talk current market, what brokers should keep top of mind CMP Specialized Lending Power Panel International news Mortgage lending slumps during third quarter Only small increase prevented "across-the-board" contraction, report says The latest on UK property transactions revealed Mortgage experts react to latest figures released by the HMRC Merger produces new rival to take on major banks National entity to benefit brokers, says CEO 'Hard landing' predicted if RBNZ lifts rate by 0.75% Advisers concerned ahead of central bank's big decision

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