Millenials driving condo market in GTA
Despite fears that the condo market is oversaturated and prices are bound to fizzle, homebuyers flocked the market in droves, pushing the number of sales in the GTA to eclipse the prior year’s.
REMIC asks brokers to sign MBLAA petition
An industry player has presented a list of recommendations for the MBLAA review – one of them concerning regulation of bank reps – and he is asking brokers to sign a petition to be presented at the next MBLAA meeting.
Broker gets last laugh on REDX
One broker’s victory over REDX marks an end to the kind of long battle too many industry professionals say they’re fighting because of AMP memberships.
Brokers may want to hop on the fastest-growing social media platform
Just when you have Twitter, LinkedIn and Facebook finally figured out, recent data may convince you to add another social media platform to your marketing repertoire: Pinterest.
The broker channel and mixed martial arts?
With many conventional advertising methods tapped out, broker channel players are coming up with increasingly creative ways to catch the public eye, although this player’s out-of-the-box thinking KO’s all others.
Leading brokers discuss loyalty agreements
Leading brokers discussed MortgagBrokerNews.ca’s latest Big Story at their weekly Canadian Mortgage Hangout and opinions diverged when it comes to loyalty agreements; an issue moderator Jackson Middleton considered “contentious… with a lot of different opinions”.
Buyers scrambling to re-qualify as pre-builds close
Buyers with long-term rate holds on pre-build condos are increasingly scrambling at closing to re-qualify, due to tighter lending rules.
CMP's first ever broker lifestyle issue
She drives a 3-series BMW, vacations in Muskoka, had her 25-year mortgage paid off in less than a decade. She also owns an investment condo downtown that is rented out to a university student – her own kid. Does this sound like the typical broker?
Condo Act review includes better education for first-timers
Adding even more discourse to an already hot topic, Canada’s Public Policy Forum released a report on Ontario’s Condominium Act Review at the end of September – which provides recommendations on how to better educate first time condo buyers.
Laurentian Bank does away with in-house specialists
With the announcement from Laurentian Bank that they are doing away with their mobile mortgage representatives, brokers in Quebec believe the reduced competition will make it easier to do business with the bank.