The Globe says subprime-related problems could lead to a $3 to $4 billion shortfall in commercial mortgage lending in 2008.
The problem is that investors are still skittish about commercial mortgage backed securities (CMBS). These securities finance a large part of the $15 billion commercial mortgage market.
RBC Dominions’s Reiner Plessl suggests getting commercial mortgages closed as early this year as you can. He thinks funds allocated for commercial mortgages could dry up around August.
That might be pessimistic…but we’ll see.
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Last modified: April 25, 2014
Hi there,,
just wondering if someone with UK’s mortgage qualification (CeMap)
would be able to work as an Mortgage advisor in Canada, or dose need to re-take AMP course all over again?
or some part of it??
Cheers
Hi Amir,
The AMP designation is not required in Canada. However, depending on the province, you will likely need to meet certain educational requirements (i.e. take a course).
You can contact your province’s regulator for more information:
FSCO in Ontario
FICOM in BC
RECA in Alberta
SFSC in Saskatchewan
ACAIQ in Quebec
ServiceNS in Nova Scotia