You may have read the recent news the number of residential homes sold in April dropped over 40% compared to 2021. While interest rate hikes might be slowing things down, we feel it's important to share we don't feel there will be a significant decrease in prices over the long term. On the contrary, there is solid evidence backing up long-term...
Value Connect Blog
Real estate continues to be on fire in just about every corner of North America. Many markets have seen prices rise by more than 25% in a single year. The pandemic has made a home more than just a home. For many, it's now a workplace, gym, restaurant, and entertainment centre. Murtaza Haider and Stephen Moranis recently wrote a short article for...
You may have read or heard about the recent CBC Marketplace report investigating whether a homeowner's ethnic background affected the appraised value of their home. I for one am a little disappointed by the information portrayed because it gave the impression that ethnic background makes a difference. There are so many things that could have...
Value Connect is pleased to announce we've been adding MIC (Mortgage Investment Company) customers across Canada. Our two most recent additions include RiverRock and Westboro.
Since 2008, financial institutions (FIs) have faced an ongoing challenge to implement updated regulations into risk and operations. Regulations now seem to change on such a regular basis that risk, compliance, and operations have had no choice but to increase staff. What's been missing are simple and effective technology solutions that scale....
The Office of the Superintendent of Financial Institutions (OSFI) implemented regulations in January 2018 that changed the way the federally regulated lenders qualify mortgages. Without delving into all the changes, we'd like to focus our attention on how individuals and financial institutions have found creative ways to mortgage qualification....
Value Connect is pleased to announce we're approved with XMC Mortgage Corporation. XMC is an agile mortgage lender with the experience, the character and the commitment to excellence required in Canada’s evolving real estate market. Since 1997, XMC has originated more than $5.5 Billion in mortgages across Canada. In 2013, XMC (then XCEED) was...
One of the biggest challenges mortgage specialists and brokers face is having to explain to a client why the appraised value of their property does not meet the client’s expectations. This is especially true for refinances and even more true where neighbourhood housing values are fluctuating wildly.
Value Connect is pleased to announce we support RMG Mortgages. RMG is focused on providing residential mortgages and mortgage servicing products through independent brokers. Operating across Canada, RMG Mortgages offers an alternative to the big banks, credit unions and trust companies by:
- Providing financing options at competitive rates
-...
You've likely seen it before: One company comes out with an idea and others rush to add the new feature or service to their offering. Sometimes the idea is price related and isn't complicated. Every gas station lowering their prices in response to the leader in the area is an example of this.