Brokers call for region-specific lending rules
The general consensus among brokers is that government tinkering with lending rules is an unwanted annoyance; but do brokers in smaller markets have it worse than others?
Gift letters blowing the bubble?
Parents in Toronto are funding their millennial kids’ first real estate purchases in record numbers, helping first-time buyers get a leg-up in an increasingly unaffordable market; and one well-respected industry voice believes the trend is contributing to the GTA’s oft-refuted housing bubble.
An opportunity to swoop in on banks' business?
The banks are increasingly hot for renewal business, but one broker is pointing out a curious exception to that rule – one ripe with opportunity for brokers.
How to beat banks at renewal time
The challenges of the traditionally slow winter season are now being compounded as banks contact past clients 120 days ahead of renewal – and just out of reach of a broker's 90-day rate hold.
Condo problem in Ottawa: An alternative view
A growing phenomenon in the condo development market is highlighting a disadvantage for brokers.
Broker calls for unity among brokerages
The hot debate continues after one industry player used MortgageBrokerNews.ca to propose a broker-run organization modelled after the Canadian Chamber of Commerce; and despite the many naysayers, one broker thinks he’s now come up with a workable implementation strategy.
BC market surges back; good news for brokers
In a report issued by the Bank of Montreal on Wednesday, the bank assured industry professionals the housing market in British Columbia has achieved a soft landing following a concerning sales drop early in the year.
Broker honoured by Toronto Police for heroics
One quick-thinking broker helped save a man’s life last year and, on Sunday, was rewarded for his efforts by the Toronto Police Department in a formal ceremony.
Canadian First completes MonCana deal
Canadian First Financial announced that the acquisition of MonCana Capital Corporation was completed on Friday; a deal the company feels will provide a solid lending option for brokers.
Ex-banker tells all
An ex-banker turned fee-only financial advisor dishes on what it was like to hock mortgages to clients and the pressures to cross-sell.