Name: Commercial market: Assessing challenges and opportunities for brokers and lenders by CMP Talk
Duration: 26 min 6 s
Description: The commercial mortgage market has seen a bumpy ride in recent times - but how is it faring in 2023 amid higher interest rates and an uncertain economic outlook? CMP spoke with Michel Durand and Alexander Durand of MCommercial on recent trends on the commercial front, and what brokers and lenders are keeping top of mind in the current climate.

The commercial mortgage market has seen a bumpy ride in recent times - but how is it faring in 2023 amid higher interest rates and an uncertain economic outlook? CMP spoke with Michel Durand and Alexander Durand of MCommercial on recent trends on the commercial front, and what brokers and lenders are keeping top of mind in the current climate.

Commercial market: Assessing challenges and opportunities for brokers and lenders

The Bank of Canada opted to leave interest rates unchanged for the second month in a row in October. What does that mean for Canada's mortgage market, and what's the outlook heading into 2024? CMP caught up with Mortgage Outlet's Leah Zlatkin to hear her thoughts on the current market and what she's keeping top of mind.

What's next for Canada's mortgage market?

The Bank of Canada is taking a step back for now as it weighs up the economic outlook and whether further interest rate hikes are necessary. What does that mean for the mortgage and housing markets – and what's in the cards for 2024? CMP spoke with Francis Gosselin, consulting economist at nesto, to hear his thoughts on the current landscape.

What are economic trends telling us about the mortgage market's future?

With another eventful year in Canada's mortgage space drawing to a close, CMP Talk caught up with Mortgage Scout's Christelle Mwamba to hear about the past 12 months from an agent's perspective – and some of the top trends set to impact the market in 2024.

Looking back on 2023 – and ahead to next year

The Financial Services Regulatory Authority of Ontario (FSRA) has flagged mortgage suitability as a key concern in 2024. We caught up with head of financial institutions and mortgage broker conduct, Antoinette Leung, to hear what that means in the year ahead.

FSRA talks suitability focus in 2024

CMP Talk caught up with CMI's Taylor Lewis, the new president and chair of the Canadian Mortgage Brokers Association - Ontario, to hear his thoughts on stepping into the role and what the association is working on for the year ahead - as well as the continuing importance of the mortgage broker channel, which is set to play an even bigger role in the success of the industry in the coming years.

New CMBA-ON president talks priorities, focus areas in role

In the world of mortgages, it's more than just numbers and contracts—it's about the people, their dreams, and the journeys that bring them home. MCAN Home is passionate about not just being a part of this industry, but about making a real, tangible difference in the lives of Canadians across the nation. 

Join Canadian Mortgage Professional for an all-new podcast “Every Story Begins at Home” where we uncover stories from heartwarming tales of homeownership to the jaw-dropping moments of financial empowerment. Join us as we peel back the curtain on the work MCAN does. 

The podcast covers: 
•    Brokering Network Partnerships: Discover the philosophy on building and managing network partnerships and genuine client relationships 
•    Post-Pandemic Insights: Learn how this approach to client engagement and community building has evolved in the post-pandemic landscape 
•    MCAN Partner Summits: Dive into the strategy behind the Partner Summits, what makes them successful, and how they contribute to overarching goals 
•    ICON Program Impact: Witness the tangible benefits of the ICON Program, from enhanced client and broker relationships to improved performance metrics  

This is a podcast you’re not going to want to miss – press play to listen now.

Home & Heart: Inspiring stories of mortgage excellence

It's one of the most important stages in customers' home purchasing journey - but how should mortgage brokers approach the closing process with real estate lawyers? We spoke with Shayle Rothman, founder and managing partner at https://RealEstateLawyers.ca in Toronto, to hear about some of the company's work and his top advice for brokers to make closing as seamless as possible.

What should brokers keep in mind about the real estate closing process?

Homeownership remains a steadfast goal for many Canadians, yet the journey is increasingly challenging in today’s financial climate. Traditional lenders may not fully serve those who have faced credit hurdles or carry higher debt loads, leaving a gap that alternative solutions can fill.  
  
Tune in to discover how MCAN’s uninsured mortgage solutions could redefine what’s possible for Canadian home buyers. Whether it's through higher debt tolerance, unique programs to boost credit, or the newly introduced one-year open mortgage option, MCAN’s offerings are designed to provide fresh opportunities and renewed hope. This podcast is your gateway to understanding how innovative mortgage products can help Canadians overcome obstacles and achieve the dream of homeownership. 
  
Tune in to hear: 
• Insight into MCAN’s uninsured mortgage solutions and who they benefit 
• Overview of the "Score Program" and how it encourages credit improvement 
• Understanding MCAN’s higher debt ratio tolerance and how it aids qualified clients 
• Introduction to the flexible one-year open mortgage and its unique benefits 
• MCAN’s broader mission to support homeownership in a fluctuating economic landscape 

Whether you're a mortgage professional looking to expand your toolkit or a potential homeowner seeking options, this is an essential listen. Hit play now to uncover new strategies for making homeownership a reality in Canada.

Unlocking new paths to homeownership

Ever wondered what’s on the mind of leading mortgage professionals in Canada? CMP Talk gives them a voice - spotlighting the biggest issues in the sector & delving into the careers of some of the industry’s biggest names. Presented by Canadian Mortgage Professional, it’s essential listening for anyone in the Canadian mortgage sphere.

Commercial market: Assessing challenges and opportunities for brokers and lenders

CMP Talk

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