Association goes to bat for lenders
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
Broker clients priced out?
Brokers in this one market may lament record-setting prices feared to price clients out of the market, especially considering what type of client is most affected.
The current state of buydowns
Record low rates are dramatically changing the nature and the frequency of broker buydowns, say industry players pointing to the bottom line.
Mortgage insurance reform proposed
A leading think tank is proposing changes to the mortgage default insurance industry, including building a reserve fund – but at what cost to clients?
Renewed frustrations surrounding former grow-ops
They’re in the news once again: Homes known to formerly house marijuana grow-ops are frustrating brokers and homeowners alike, and the latter has taken to MortgageBrokerNews.ca for help.
HELOCs and household debt
Growing housing prices are drawing more broker attention to HELOCs, especially in the wake of ever-increasing household debt.
Economist cautions BoC
Speculation has begun to swirl prior to the next Bank of Canada rate meeting, with one economist vehemently arguing against further cuts.
New broker network in town
A new broker network was recently launched and it hopes to offer big bank services.
A solution for credit check frustrations
Brokers are increasingly frustrated by credit check inaccuracies, and one industry player has proposed an easy solution.
Broker bested by big banks on certain deals
One broker has lost a large chunk of business to the big banks, after his preferred lender started refusing to do one type of deal.