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.
Player proposes broker-run organization
One leading player is not satisfied with existing mortgage professional associations and proposes one run by brokers for brokers.
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.