Justin da Rosa

I am the editor for Mortgage Broker News Canada.

Email me at justin.darosa@kmimedia.ca, and follow me on Twitter.

  • Poll results: Brokers convert business on heels of increased competition

    Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.

  • CU offers retroactive 2.99 per cent rate

    Brokers now have a new arrow in the quiver, with one credit union announcing Thursday its 2.99 per cent five-year fixed rate that can also be applied, retroactively, to deals funded in the past 30 days.

  • Major market continues to boom but can it last forever?

    One of Canada’s hottest housing markets reported another year-over-year sales and price increase in May.

  • Banks have A-business cornered?

    Another big bank has joined the ranks of lenders offering a sub-three per cent five-year fixed rate; signalling the growing importance of alternative lending to the mortgage broker industry, according to one player.

  • Certain buyers don't understand credit

    A recent study points to the importance of advising clients on the impact credit scores have on attaining a mortgage – especially for millennial home buyers.

  • CAAMP crunches the rate discounting numbers

    CAAMP’s comprehensive quarterly report, entitled “Looking for a ‘New Normal’ in the Residential Mortgage Market”, points to just how prevalent rate discounting is across Canada.

  • Brokers must 'outsmart' banks

    The key is to “outsmart” the big banks, according to one broker, following one institution’s ad campaign plugging its lowest five-year fixed rate in recent memory.

  • Broker doesn't like first-time buyer trend

    First-time home buyers are putting off purchasing a principle residence in favour of first buying investment properties in cheaper markets, says one broker; but one of his peers isn’t convinced this is the best move.

  • Rate war reignited; brokers not intimidated

    ScotiaBank is the latest lender to offer a sub-three per cent mortgage rate but one broker doesn’t feel threatened by the latest offering; even though he does realize it will bring in a fair amount of business for the big bank.

  • Broker raises issue with RBC's points program

    It’s RBC’s points program – and not the recently announced $1,000 cash incentive for realtors who refer clients for a mortgage – that one broker has an issue with.