AI and mortgage, Jumbo rate cut, Listings surge, Housing tax, More

Will AI shape the future of the mortgage industry? View web version | Forward to a colleague 08 October 2024 Top News Will AI shape the future of the mortgage industry? Mortgage execs on the phenomenon's best use cases in 2024 Is a jumbo rate cut on the way this month? Former BoC deputy governor calls for big move Extra wiggle room with 35-year amortization Borrowers often worry about having extra funds available for the basics, including outstanding bills. Our expert BDM helped their broker lower a client's monthly payments and free up some ratio room by refinancing on a one-year term with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt Bridgewater Bank New listings in Canada's housing market are surging – but where are the buyers? Inventory grows as housing markets adjust to high interest rates Why Vancouver condos are shrinking Investors driving the trend prefer smaller, high-return units Association calls for major overhaul of BC's housing taxes ahead of election Property transfer tax and other housing taxes are under scrutiny What's weighing down Ottawa's housing market? OREB reports strong sales – but other factors are clouding the outlook 'Trump slump' could be ahead for Canadian economy: Desjardins Economists predict Canada GDP dip if former president wins election International News Slowing inflation allows Fed to focus on job growth Central bank considering rate-cutting path ahead Good property news for everyone – less so, London What's going wrong with prime London real estate? Albanese government continues tax avoidance crackdown The Albanese government is taking decisive action against tax avoidance by reviewing tax promoter penalty laws in light of the PwC scandal. RBNZ expected to accelerate rate cuts amid inflation concerns Banks predict two consecutive 50-basis point cuts before year-end 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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