BoC new approach neglects important data
The Governor of the Bank of Canada, Stephen Poloz, stated Monday the central bank will now consider “anecdotal evidence” along with economic data when making its decisions; an approach that one leading broker believes will not aid in considering global effects on the Canadian economy.
Mortgage activity on hold until Quebec election
Business has slowed for Quebec-based brokers as potential home buyers wait with bated breath for the result of its April 7 election before committing to stay in the province.
Syndicated mortgages pay off for one broker
Syndicated mortgages are becoming an increasingly popular alternative revenue stream and one broker has made this type of investment his number one source of revenue.
CAAMP acquires Canadian Mortgage Trends
The Canadian Association of Accredited Mortgage Professionals (CAAMP) announced Thursday it has acquired Canadian Mortgage Trends.
Former Ontario broker faces 28 charges
The Financial Services Commission of Ontario has charged a former licensed broker with 28 counts under the Ontario Mortgage Brokerages, Lenders and Administrators Act.
Broker debate over Flaherty's legacy
Brokers are of two minds following Finance Minister Jim Flaherty’s announcement Tuesday that he is stepping down; some commend his initiatives while others are happy to see him go.
Broker: 'Recalibrate' business model to survive
One former CAAMP chair and head of one of the largest independent brokerages is warning brokers to “recalibrate” their business model or risk being left behind as the market changes.
CREA updates forecast
The Canadian Real Esate Assocation (CREA) updated its forecast for home sales in Canada Monday and the new data points to a very modest sales increase for 2014 and 2015; indicating brokers may have a tougher time funding deals in the next 24 months.
Home sales remains relatively unchanged in February
Home sales remained steady in February 2014 on a month-over-month basis according to the Canadian Real Estate Association’s latest stats released Monday.
Broker's new mortgage site solves rate shopper problem
Brokers often lament the rate shopper who flees at the eleventh hour and one leading broker may have solved that problem by charging a hefty cancellation fee as part of his new self-directed mortgage shopping site.