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Topic & Comments
Overheated markets push brokers to trailer fees by Vernon Clement Jones | 2011-09-09 9:18:55 AM

As a hedge against a “very probable” correction in B.C. home prices, a leading broker is actively moving to trailer fees, a way of protecting income at renewal for high-ratio clients, who may ultimately find themselves under water.read more

HST repeal offers 'short-term' pain, long-term gain by Vernon Clement Jones | 2011-09-04 10:55:17 PM

The people of B.C. have spoken, and their plans to axe the HST are poised to grow originations for brokers when homebuyers snatch up new high-end condos now idling on the market. But there may be some “short-term pain” to get through before that payday.read more

Equitable Trust investigates $14m in loans for fraud by Vernon Clement Jones | 2011-08-31 1:35:35 PM

Equitable Trust’s parent company is now investigating suspected fraud relating to four loans carrying an outstanding balance of $14 million, at the same time it considers taking legal action against “several parties.”read more

Alberta broker: demand for cash-backs to grow by Vernon Clement Jones | 2011-08-30 5:05:53 AM

Growing optimism and a rebounding housing market are threatening to lift demand for cash-back mortgages in Alberta, cautions a leading Edmonton broker, asking his peers to guide clients to sounder alternatives -- and not only because of lingering economic uncertainty.read more