Will Former BMO Mortgage Specialists be able to Find Work?
Yesterday we talked about the major job cuts made at BMO when they fired 1,000 employees, most of them mortgage specialists that were meant to be the bank’s saving grace. But while the natural transition for those specialists now without a job might be to turn to the broker channel, they might have a hard…
Read moreNon-Mortgage Debt Sees Biggest Drop in Nearly 10 Years!
We’ve talked at length about household debt, and how Canadians have seemed to be taking on more and more each year. It’s all anyone has seemed able to talk about lately, in fact, with the Department of Finance and Bank of Canada being especially concerned about the high levels that have been seen lately. Now…
Read moreScotiabank, and Mortgage Brokers, Speak Out Against Flaherty
Just when we thought that the Fla-rate drama was over. We don’t need to remind you about when Flaherty meddled in the mortgage rate business by calling Manulife and telling them to lower their rates. (And if we do need to remind you, please follow the above link. The entire thing is really just exhausting.)…
Read moreWhat were the Biggest Financial Concerns of 2012?
We know, we’re almost halfway through the first month of the new year. Aren’t all of our lists and “Best Of’s” of 2012 over yet? This will be the last one, we promise. But when we stumbled across the Finacial Post’s list of what Canadians were most stressed about financially in 2012, we had to…
Read moreMore Canadians Choosing Fixed over Variable – and They Should!
Interest rates have been at historic lows for over two years. This has led to a flurry of mortgage activity with people refinancing to get that better rate, renewing with new lenders that will give them a better rate, and going back to the old debate of fixed versus variable mortgages. So which one should you…
Read moreDo You Say “Merry Christmas” or “Happy Holidays?”
Merry Christmas! Or, is it Happy Holidays? It used to be that we always used to say “Merry Christmas” around holiday time. It would start early December and typically be over on Boxing Day. But somewhere along the way, Canada became a hugely multicultural nation and things had to change. With so many different cultures,…
Read moreHow the Housing Market Slow Down will Help Banks
Just about everyone has been hurt by the mortgage rules that went into effect this summer, right? Buyers can no longer afford homes because their down payment isn’t large enough, and sellers don’t have nearly as many people to sell to – let alone stir up a bidding war. But aside from Finance Minister, Jim…
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