Broker: CMHC should not insure collateral charges
Government interference in the mortgage industry has a history of frustrating brokers, but one leading player believes CMHC changes could be the key to reining in collateral charge mortgages.
Broker calls for higher fees to weed out part-timers
Brokers often complain about the prevalence of part-time brokers and one industry professional has suggested higher fees and emulating the real estate agent model could rectify the problem.
Brokers disappointed by big bank change
Brokers are voicing their displeasure with a recent change made by a big bank that will affect past and future clients.
Comprehensive economic forecast released
One of Canada’s most influential not-for-profit research organizations recently published its yearly Long-Term Economic Forecast, which include its predictions for the housing and mortgage markets for the next few years.
Big bank makes major change to broker program
In what one industry player is referring to as a “great example of bank greed,” one big bank has tacked on a monthly fee to one of its most popular programs among brokers.
CMHC concerns spark debate
Readers are debating mortgage debt versus consumer debt after the CMHC released previously confidential remarks about its concern for the housing market, but is it time to finally put that discussion to bed?
Far-out Friday: Agency builds rollercoaster in home
People put a lot of time and money into prepping their house for a sale but agency in Europe may take the cake.
Collateral charge debate heats up
The lack of transparency surrounding collateral charge mortgages at one big bank has sparked furious debate among mortgage brokers.
Industry reacts to Bank of Canada rate
Following the central bank’s move to maintain its overnight rate, industry professionals across the country are already speculating about the effect the move – or lack thereof – will have on broker business.
Bank of Canada announces overnight rate
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?