Latest news

  • Daily Market Update

    New figures show consumer confidence is creating first time buyers… does an interest rate rise mean falling prices?... the Calgary bidding war…and why BC may not be the place for smokers….

  • Rate war reignited; brokers not intimidated

    ScotiaBank is the latest lender to offer a sub-three per cent mortgage rate but one broker doesn’t feel threatened by the latest offering; even though he does realize it will bring in a fair amount of business for the big bank.

  • Broker raises issue with RBC's points program

    It’s RBC’s points program – and not the recently announced $1,000 cash incentive for realtors who refer clients for a mortgage – that one broker has an issue with.

  • Vancouver sellers beginning to fret

    Vancouver home sellers are beginning to panic that they may be sitting on their luxury properties for a long time.

  • Daily Market Update

    Another shake up in mortgage rates, with a new low in 5 year fixed deals…. Stats Canada reveal 2011 Census data…. And why Toronto developers have rushed to secure building permits….

  • Broker not threatened by big bank incentive

    Brokers may view RBC’s newly-minted mortgage incentive program – that offers realtors a bonus for referring first-time home buyers -- as a sign that the broker channel has the bank worried about market share.

  • Brokers in major markets in tough?

    Mortgage brokers in Toronto and Vancouver may have to start getting more creative with lead generation, with recent stats suggesting affordability in these two markets is eroding.

  • Unlicensed broker still soliciting investments

    The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers not to deal with Joseph Tukacs, as he and his company are not licensed to do mortgage brokering in Ontario.

  • Daily Market Update

    As analysts crunch the numbers from this week’s RBC affordability report a star is emerging…. Why the bank is flashing the cash at realtors and why retailers are studying the suburbs….

  • Slower underwriting due to mortgage rule tweaks?

    Brokers have experienced a lender backlog and while the reasons vary, many agree it is due to underwriters having to adapt to recent rule changes.