Markets take a hit in January
Home sales dropped in 60 per cent of markets in January, marking the first year-over-year decline since April 2014.
More options for brokers with lender expansion
Brokers across Canada will have even more funding options, following the announcement that one major lender is expanding its network.
Busy year ahead for one broker segment
Brokers operating in an increasingly lucrative segment are in for a busy year, according to one major company operating in the space.
Another negative aspect of collateral charge mortgages
As if collateral charge mortgages needed another knock against them, one broker is having trouble refinancing those clients who find themselves in an uninsured collateral charge product.
Tied selling giving banks an unfair advantage?
Brokers have a tough enough time competing with the banks, and one industry professional believes tied selling -- going by a different name -- continues to skew the playing field.
Brokers in one province to rely largely on refis?
A major bank is forecasting a drastic drop in home sales in one province, but anecdotal broker evidence may prove that some of the lost business can be made up through refinances.
RBC forecasts further interest rate cut
Three out of the five major banks have now predicted further rate cuts to come from the Bank of Canada, though this one doesn’t expect these record rates to last long.
CMHC answers the privatization question
CMHC pared down its offerings in 2014, which led many to wonder about the potential for the crown corporation to privatize. CMHC CEO Evan Siddall recently weighed in on the speculation.
Exclusive Q&A with FSCO about syndicated mortgage regulation
In late January, FSCO and the Mutual Fund Dealers Association of Canada (MFDA) clarified their position on syndicated mortgages in a joint statement, and we spoke with FSCO about regulations for the popular investment option.
Does this broker have the largest marketing budget?
One broker who plans on spending $600,000 on marketing this year -- and has seen his business grow exponentially as a result -- believes the only thing holding his colleagues back from taking the same approach is fear.