Latest news

  • 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.

  • Daily Market Update

    More growth for the housing market, but is it just a post-winter catch up? ... Credit unions undercut banks on mortgage rates ... Is mortgage insurance really necessary? … And why that historic property may not be special any more…

  • 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.

  • Daily Market Update

    The paperwork required when buying in Alberta is about to increase…. Home insurance claims rise …. And why the younger generation are aiming to be mortgage free in their 30s….

  • 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.

  • Broker applies 80/20 rule to business

    The key to growing your business is to turn away certain clients and focus on a niche. Wait, that doesn’t make sense, does it? According to two industry players it makes all the sense in the world.

  • Far out Friday: Richard Branson sends email so offensive his own company blocks it

    Is the term ‘bollocks’ vulgar? Bollocks, says Sir Richard Branson.

  • Daily Market Update

    Housing permit values rise in April, but non-residential numbers are down….. Spring arrives at last for the recreational property market… and why Winnipeg wants to cut down on parking lots…..

  • 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.