Broker Lender Market Share – Q1 2019

The leaders lost ground in the broker channel last quarter. The top five lenders reportedly accounted for the lowest combined market share in two years. That came as mortgage growth is trying to halt its long industry-wide descent. Here’s a look at individual lender performance in the broker space, in Q1: Rank  Broker Channel Lender…

National Home Sales Rebound in April: CREA

National home sales rebounded in April with transactions rising 4%, marking the first year-over-year gain since December 2017, the Canadian Real Estate Association (CREA) reported today. Housing sales have been in a two-month slump, with February marking a seven-year low. Spring is looking far brighter, with month-over-month sales rising 3.5% to April from March. Even…

BoC’s Call for Longer Mortgage Terms Raises Questions

Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages. During a speech in Winnipeg, he said longer mortgage terms would “mitigate the normal risks in the system both for lenders and for borrowers.” He didn’t specify just how long those…