Justin Da Rosa is a journalist with Canadian Mortgage Professional.
The hot market often blamed for a potential housing bubble has recorded record sales numbers once again, indicating that if said bubble exists it may only be getting bigger.
With the overnight rate expected to see its first hike since 2010 in the near future, brokers may take a lesson from one expert who admits he made a mistake when picking his own mortgage.
Conversation on MortgageBrokerNews.ca evolved from a discussion about underwriting exceptions to one about monolines vs. big banks and two brokers discussed their individual reasoning for supporting one or the other.
Tightened lending requirements have forced brokers to rethink some of their client management strategies, and two leading professionals speak about the importance of transparency.
A recently released statement from FSCO warns brokers about messages being sent through Kijiji by a person or persons impersonating the organization.
Brokers may view material flashiness as an outdated requirement for entrepreneurial success, with several contradicting what was once a popularly-held belief.
It’s a tale of two Canadas that brokers are all too familiar with and, following the Bank of Canada’s housing forecast, brokers are reiterating calls for regional regulations.
This past summer, CMHC attempted to determine the percentage of condos in Canada that are owned by domestic investors, but it has recently admitted it still is unsure what percentage are owned by foreign investors.
One industry organization has proposed changes to the requirements for broker registration following a supreme court of British Columbia decision that determined an unregistered broker – who collected a $630,000 broker fee -- did not require registration.
One of the leading mortgage broker course providers announced Tuesday it is launching the non-profit Association of Mortgage Investment Professionals (AMIPROS) with the goal of providing higher standards and education to the private lending industry.