Category: News

Meet the Lendesk Network

For the last two years we’ve been working within the industry to bring to market something very special for Canadian mortgage brokers, and we’re thrilled to be able to share it with you. Today we’re proud to announce the Lendesk Lender Network, a direct-to-lender deal submission network with some of Canada’s top mortgage lending institutions,… Read more »

Interest Rates Are Rising: How Can Mortgage Pros Help?

By: Penelope Graham, Zoocasa The bar to borrow in Canada is on the rise again, as the Bank of Canada hiked its conventional five-year mortgage rate on May 10, to 5.3% It’s the fifth time in the space of a year the BoC has increased this rate, from 4.64% in May 2017. A combination of… Read more »

The Impact of Technology on Lending—A Panel Discussion

At a recent event at OnDeck Capital in Toronto, our CEO Alex Conconi was on a panel of experts discussing the impact of technology on lending. As a software company working on establishing an easier way to process applications, it’s a topic that is at the front of our minds, always. Alex was joined by… Read more »

How Do Canadian Borrowers Feel About B-20?

By: Penelope Graham, Zoocasa The Canadian housing market has now had a full quarter to absorb the impact from Guideline B-20. The new stress test, put in place by the national lending regulator, requires all low-ratio borrowers of new mortgages to qualify at either the Bank of Canada’s benchmark rate (currently 5.14%) or their contract… Read more »

2 Months Later: Has B-20 Cooled the Market?

By: Penelope Graham, Zoocasa In the last months of 2017, there was much commentary around pending Guideline B-20, a new set of federal mortgage affordability hurdles that include a stress test for low-ratio borrowers, the banning of co-lending arrangements, and tougher loan-to-value requirements for some properties. Experts predicted the regulations would knock as many as… Read more »

Over 30 Full-Timers and Still Growing — Read Our List of Job Openings

After the successful launch of Level, our new down payment verification tool, at MPC in November, we’re gearing up for a big 2018. Join Team Lendesk When we moved into our Yaletown headquarters, it was to give us room to expand and continue to build the best in mortgage technology. And the bricks and beams… Read more »

Are B-20 Regulations Causing a Real Estate Rush?

By: Penelope Graham, Zoocasa Is the looming threat of tougher mortgage qualification sparking a mad real estate buying rush? It would appear pending B-20 regulations, which will go into effect on January 1st, are fueling a short-term uptick in sales activity following several months of decline. Unseasonably strong numbers have been noted by several real… Read more »

Who Are Canada’s Real Estate Investors? (Report)

By: Penelope Graham, Zoocasa In rapidly appreciating Canadian housing markets, there is no figure more vilified than the real estate investor. Whether a foreign buyer who edges out locals only to leave a property standing empty or a domestic speculator driving up condo prices via assignment sales, investment practices are a popular scapegoat for crumbling… Read more »

Home Buyers Falling Through the Cracks of the Sold Data Divide

By: Penelope Graham, Zoocasa It’s a home buyer’s worst nightmare: They’ve won a fraught bidding war in an increasingly popular neighbourhood. Each house on the respective street has sold for more than the last, and the buyer has gone over budget – dropping all financing and inspection conditions – to get ahead. When it comes… Read more »