News

  • Brokers call for stricter education requirements by Justin da Rosa | 26 Sep 2013

    Brokers, who have dealt with the fallout created by inexperienced peers, are calling for stricter education requirements for incoming mortgage professionals, even as Ontario reviews its regulations. read more

  • Bank of Canada may wait even longer to raise overnight rate by MBN | 26 Sep 2013

    The Bank of Canada may hold off on hiking rates until the U.S. Federal Reserve decides to raise its own, argues Fidelity Investments, giving brokers yet more food for thought on when their market will finally cool down. read more

  • Bank of Canada monitoring MICs by MBN | 25 Sep 2013

    Mortgage investment corporations (MICs) – lenders that brokers are increasingly turning to – aren’t cause for major concern, according to the deputy governor of the Bank of Canada, but his institution is keeping a close eye on them. read more

  • Scotiabank: Market to slow in 2014 but are brokers sold? by Justin da Rosa | 25 Sep 2013

    Scotiabank has stared into its crystal ball and seen a slow market in 2014 due to interest rate hikes and stunted job growth, though brokers may not be willing to accept the prophecy as gospel. read more

  • OSFI head: Low rates creating false sense of security by Justin da Rosa | 25 Sep 2013

    The head of the federal bank regulator says she remains concerned that low interest rates are lulling Canadians into a false sense of security – her comments suggesting OSFI could still ratchet down already-tight underwriting. read more

  • Brokers blame busy August for slow September by Justin da Rosa | 24 Sep 2013

    September is traditionally a busy month for brokers, but summer’s end has been slow for some following a busy August that saw rate-holders flood the market. read more

  • Banks' Beacon system produces higher scores? by MBN | 24 Sep 2013

    Brokers are hungry for a credit rating system that many banks use and where Beacon scores appear to be trending higher. read more

  • YTD sales increase in seven markets by MBN | 23 Sep 2013

    August stats from the Canadian Real Estate Association (CREA) reveal sales in many major markets are up year over year, with brokers in the Yukon, British Columbia and Alberta having the most cause to celebrate. read more

  • Brokers bolster credibility in the media by Justin da Rosa | 23 Sep 2013

    Leading brokers regularly featured in the Toronto media suggest that with that exposure comes an obligation to bolster personal and industry credibility with straight talk focused on objective advice and avoiding unnecessary hype. read more

  • Brokers warn against dual licensing by Justin da Rosa | 23 Sep 2013

    Brokers offering a cautionary note about dual licensing after one such industry player had his broker license suspended for five years. read more