^ nice, good to hear that your good service = better business for you.
Mike F's website is showing sales finally going above the decade's worst sales numbers in 2010. Still well below 2009 but finally a tad better than 2010.
Some other good articles he's linked on his website:
http://www.theglobeandmail.com/globe...rticle2046909/
Mr. Baker believes it might have something to do with the combination of low interest rates and Canadians’ tendency to take out mortgages with terms of five years or less, unlike the 30 years that is normal in the U.S.
“My theory is that home prices in places like Canada are acting like bonds,” he says. Just as bond prices shoot up when interest rates head down, so Canadian home prices have rocketed on the back of low mortgage rates, because our shorter-term mortgages make us that more interest-rate sensitive than Americans.
The corollary, of course, is that there will be big losses when mortgage rates inevitably head upward. “I would be wary in markets like Canada. In fact, I would be very, very wary,” says the Man Who Called the Last Two Bubbles.
http://www.mortgagebrokernews.ca/new...lowdown/106813
“We’ve seen growth in refinances, but there’s no compensation for the number of originations,” Lester Shore, VP of Optimum, CWB, told MortgageBrokerNews.ca. “I don’t know if the new mortgage rule changes will have a permanent impact, but their effect has been significant this spring. For the second half of the year we are expecting a 10-per cent, year-over-year drop in originations, where the reduction in maximum amortization from 35 to 30 years is having a significant impact on the number of people qualifying.” 
Last month, another broker channel lender blamed those federal changes for as much as a 15-per cent dip in business, possibly reflecting the loss of clients to the alternative lending market.