News

• Bored with retirement, broker becomes a Top 75 by Donald Horne | 18 Jun 2013

  At age 44, Ken Lankin took a golden handshake from Beneficial Finance after 25 years of service and moved to Florida to retire. That didn’t last long. read more

• Lock in now, economist advises brokers by Donald Horne | 18 Jun 2013

  The author of a recent B.C. Real Estate Association report is putting his money where his mouth is when it comes to predicting interest rates. read more

• Broker wants answers from TD on deal reversal by Donald Horne | 17 Jun 2013

  A Waterloo-based broker has one question: What changed to make the same bank approve a deal that had been repeatedly rejected when he presented it? read more

• CREA May numbers mixed by Donald Horne | 17 Jun 2013

  New residential listings inched upward for May compared to the same month last year, thanks to a significant drop in B.C. homes on the market, according to the latest numbers from the Canadian Real Estate Association. read more

• MCC sale a sign small brokerages being squeezed out? by Donald Horne | 17 Jun 2013

  One broker is asking whether or not smaller broker networks and brokerages will be challenged to compete against the clout of increasingly big players like DLC, now the proud owner of MCC. read more

• Outgoing MBABC president Dreyer looks back, looks ahead by Donald Horne | 14 Jun 2013

  When Dreyer took the reins as president of the MBABC back in May of 2012, he told MortgageBrokerNews.ca that “it is imperative that our board work with these regulators and lenders to ensure the proposed policies create a strong economic environment for Canada while continuing to make home ownership accessible to all Canadians.” read more

• Bank of Canada sounds warning on GTA condo market by Donald Horne | 14 Jun 2013

  Once again, the warning bell has been sounded on Toronto’s condominium market – this time by the Bank of Canada. read more

• MCC brand will continue, says DLC’s Mauris by Donald Horne | 14 Jun 2013

  Dominion Lending Centres’ purchase of The Mortgage Centre (MCC) from CIBC represents “a commitment to the mortgage broker space,” says DLC president Gary Mauris. read more

• DLC acquires MCC by Vernon Clement Jones | 13 Jun 2013

  Dominion Lending Centres has acquired ownership of The Mortgage Centre, marking CIBC's absolute retreat from the broker channel. read more

• May CMHC, Teranet numbers encouraging by Donald Horne | 13 Jun 2013

  Condo starts were up surprisingly for the month of May, reaching 200,000 from April’s 176,000 – helping to maintain a level number of new housing starts nationwide, according to CMHC’s latest seasonally adjusted annual rates. read more