News

  • BC market surges back; good news for brokers by Justin da Rosa | 31 Oct 2013

    In a report issued by the Bank of Montreal on Wednesday, the bank assured industry professionals the housing market in British Columbia has achieved a soft landing following a concerning sales drop early in the year. read more

  • New rate site created by industry player by CMP | 31 Oct 2013

    There is a new rate site in town and -- brace yourself, brokers – this one was created by one of your fellow brokers. Still, its founder doesn’t believe industry players should feel threatened. read more

  • CMHC offering tailored outlooks for various Canadian markets by MBN | 30 Oct 2013

    Canada Mortgage and Housing Corporation (CMHC) is offering a number of housing outlook conferences in various Canadian cities; each offering a useful and practical information session that will help brokers understand trends unique to each market. read more

  • More transparency promised by central bank by MBN | 30 Oct 2013

    Governor of the Bank of Canada, Stephen Poloz, released his opening statements prior to the House of Commons Standing Committee on Finance, intimating that the central bank will endeavour to be more clear and accountable for any actions they may make. read more

  • Should brokers in these markets be worried? by MBN | 30 Oct 2013

    Desjardins Group Economic Studies released a statement on Tuesday declaring the Canadian housing market is less affordable than the average affordability of the last 25 years, citing the average home prices across the country are eclipsing household income – due, in part, by a rush to buy prior to interest rate hikes. read more

  • Ontario's largest credit union establishes new model by MBN | 29 Oct 2013

    Meridian, Ontario’s largest credit union, recently launched a new manager-owned branch model and installed mortgage industry veteran, Paul Bath as the owner and manager of its first “agency” location. read more

  • Broker honoured by Toronto Police for heroics by Justin da Rosa | 29 Oct 2013

    One quick-thinking broker helped save a man’s life last year and, on Sunday, was rewarded for his efforts by the Toronto Police Department in a formal ceremony. read more

  • Flaherty to discuss further changes with developers by MBN | 29 Oct 2013

    Finance Minister Jim Flaherty will meet with developers to determine whether future interference in the housing industry may be needed. read more

  • Canadian First completes MonCana deal by Justin da Rosa | 28 Oct 2013

    Canadian First Financial announced that the acquisition of MonCana Capital Corporation was completed on Friday; a deal the company feels will provide a solid lending option for brokers. read more

  • Two-time CMA winner on how the awards helped her career by CMP | 28 Oct 2013

    The Canadian Mortgage Awards (CMA) rewards excellence and recognizing those who excel in various facets of the industry; but what tangible affect can one have on a career? One two-time winner believes the recognition played a role in her upward trajectory. read more