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.
Broker teams up with CMHC to offer marketing seminars
A leading broker has teamed up with CMHC to offer marketing lessons – and it’s word of mouth that he believes should be every industry player’s primary focus.
Brokers react to National Bank compensation changes
National Bank announced changes to the compensation structure of its broker services this week and broker opinions diverge among those who say they won’t be affected and those who feel it will impact their decision to use the bank’s services.
Equity Financial announces leadership change
Burgeoning alternative lender, Equity Financial Trust, announced Thursday that CEO Nick Kypriano has been replaced by Michael Jones, who will assume the role of president of Equity Financial Trust, effective October 7.
National Bank announces changes to broker services
National Bank is effectively overhauling its status and compensation programs for brokers in an effort to better promote efficiency but also as a way of to ensure continued strategically controlled growth through the broker channel.
Broker takes to the streets to market firm
Industry players are turning high-tech – from blogging to Tweeting – to drum up leads, but one shrewd broker is now turning to the oldest of old-school approaches to drum up that business.
Mortgage fraud: Beyond broker control
A disbarred Alberta lawyer has earned a two year prison sentence for committing mortgage fraud, among other felonious activities – and what, if anything could a broker have done to stop her?