Preconstruction challenges, CMHC outlook, Macklem on rates, Home prices, More

Borrowers' preconstruction woes continue amid higher rates View web version | Forward to a colleague 02 May 2024 Top News Borrowers' preconstruction woes continue amid higher rates Many buyers are facing rate shock as closing nears CMHC reveals housing market outlook for 2024 Economic uncertainties and policy impacts dissected in new CMHC report Refinancing brings financial stability Facing higher mortgage payments after rate increases while also rebounding from medical treatment, the client needed a new plan. Through their broker's consultation with our experts, we recommended a solution to refinance with a 35-year amortization, providing the necessary financial reprieve the client needed to reset and effectively stabilize their finances Bridgewater Bank No signs of mortgage crisis yet, say BoC officials Senate grills Bank of Canada chief on rates, housing crisis, capital gains Home prices soared past surging mortgage payments Canadian homeowners' assets grew faster than payments despite rate hikes How well are your lenders performing? Rate your lender partners' work today Mortgage tech company secures capital injection from equity firm Recapitalization to drive next phase of growth and product expansion US Fed to keep rates high until inflation further cools Central bank made latest announcement yesterday International News Mortgage demand dips, but ARMs surge High rates push borrowers towards adjustable-rate mortgages Bank records 3.7% home loan growth First-half results show lower cash earnings but SME lending up 8.6% Kiwis struggle amid economic turmoil Financial strain deepens Why brokers should remain visible and in contact with clients Virgin Money's head of secured lending shares his top tips Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2024 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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