Justin da Rosa

  • Oliver's hands-off approach bad for the industry?

    Brokers often lamented former Finance Minister Jim Flaherty’s willingness to tinker with mortgage rules and regulations but one industry professional believes current minister, Joe Oliver’s laissez-faire approach could have disastrous effects.

  • Brokers discuss client disclosure and credit unions

    Credit Unions are quickly gaining market share and favour among brokers with their competitive rates but industry players realize proper client disclosure is required.

  • Lender policy change costs broker

    One broker has a beef with a lender after a number of his mortgages were not honoured following a policy change.

  • What does the future hold for CMHC?

    The Canada Mortgage and Housing Corporation (CMHC) announced further changes to its insurance offerings Friday, providing even more fodder for brokers to speculate about the future of the crown corporation.

  • 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.