Bank competition, CMHC on affordability, Big BoC cut expected, CWB postponement

How can mortgage brokers compete with increasingly aggressive banks in 2025? View web version | Forward to a colleague 10 December 2024 Top News How can mortgage brokers compete with increasingly aggressive banks in 2025? Brokers have a battle on their hands Housing affordability needs to return to pre-pandemic levels: CMHC Reverting to 2019 affordability could stabilize Canada's housing market Have you downloaded the Community Trust Café app yet? Stay connected to your deals on-the-go and communicate with our mortgage advisors directly from your mobile device! Community Trust CWB postpones earnings release due to subsidiary legal issue CWB says merger with National Bank remains unaffected Bank of Canada now expected to make oversized December rate cut Markets had believed a 25-basis-point reduction was on the way – but an even bigger move is now anticipated amid weak economic data One in four homes in BC bought by real estate investors, report shows Meanwhile, one-third of condos in BC were purchased by investors, fuelling debates on housing supply and affordability FMIC names new leaders amid board transition Company appoints interim leadership after board chair steps down Province to continue RGI agreements and support nonprofit housing Worries had grown among nonprofit housing groups around continuation of agreements International News How low will the Fed go on interest rates? Further cuts seem to be on the way – but there's little clarity over when and by how much The Beckham effect: How celebs are driving up market values in sleepy towns Michelle Niziol, CEO of Bespoke Property Investment, on the the impact of high-profile neighbours No rate cuts this Christmas – mortgage industry reacts It wasn't what consumers wanted – so how can you explain the decision? NZ home values show modest growth in November quarter National home values see marginal growth 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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