Broker focus shifts, RBC CEO on banking outlook, Housing affordability challenges, Non-bank lenders thriving, Ottawa housing updates, More

Changing mortgage market: How have brokers and borrowers adapted? View web version | Forward to a colleague 06 April 2023 Top news Changing mortgage market: How have brokers and borrowers adapted? A cooler climate over the past year has seen a change of habits from mortgage professionals and their clients alike RBC CEO on state of banking system Dave McKay gives his verdict Extra wiggle room with 35-year amortization With higher interest rates, affordability is a concern for borrowers. Our expert BDM helped lower a client's monthly payments and free up some ratio room by refinancing on a 1-year term with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt Bridgewater Bank Majority of non-homeowners have 'given up' on ever buying, poll finds Survey reflects continuing affordability challenges for would-be homebuyers How do non-bank lenders have a leg up in the current environment? "We can do [a lot of things] that everybody else can't do for the most part" Ottawa housing market: What's the latest? New data suggests market is "stabilizing", says the Ottawa Real Estate Board Ontario government announces new protections for renters Updated regulations will toughen rules against renovictions Lethbridge, AB industrial market poised for higher lease rates The value of the market's new industrial spaces will likely match their cost of construction, Avison Young says International news Spring homebuying period – is it poised for a surge? Trends analytics suggest an uptick as consumers come to terms with the new norm in rates Rental crisis shows no sign of easing Prices rise at fastest rate since before the pandemic New Zealand's property market downturn continues in March But there could be a light at the end of the tunnel for late 2023, economist says Second charge – why the drop in business figures was unsurprising Expert details how the second charge market is bouncing back Want to change how you receive these emails? You can manage preferences or unsubscribe © 2022 KM Business Information Canada Ltd, 317 Adelaide street west, Toronto, ON  Privacy | Conditions of Use | About Us | Contact Us

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