Risk-based CMHC insurance would benefit first-timers
The Canadian Mortgage and Housing Corporation (CMHC) said it would be open to implementing risk-based default insurance and one leading broker believes the move could certainly benefit one type of home buyer.
Top 75 deadline quickly approaching
The deadline for the Top 75 issue is quickly approaching so get your submission in today to ensure your consideration for the mortgage broker industry’s most coveted list.
Brokers call for CAAMP membership rule change
Industry players are calling for CAAMP to change a membership rule blocking individual brokers unless all their team signs up too.
Toronto condo market to land softly: Report
Despite the glut of condo developments expected to sprout in the next five years, a new report states Toronto’s condo market will experience a “soft landing.”
Canadian Mortgage Summit keynote announced
Canadian Mortgage Professional announced Thursday that “Seven Habits of Highly Effective Mortgage Brokers,” will be opening keynote for the 2014 Canadian Mortgage Summit. Click here to register for the event.
BoC new approach neglects important data
The Governor of the Bank of Canada, Stephen Poloz, stated Monday the central bank will now consider “anecdotal evidence” along with economic data when making its decisions; an approach that one leading broker believes will not aid in considering global effects on the Canadian economy.
Lender enters single family market in two additional cities
A leading lender has entered the single family mortgage market in two major Canadian cities, offering brokers more options.
Canadians paying off their mortgages
A study released Tuesday, indicating a healthy mortgage industry, may stop Finance Minister Joe Oliver in his tracks
Broker debate: reverse mortgages
They are becoming more popular but brokers are divided on whether reverse mortgages are the best option for aging clients looking to take advantage of equity in their homes.
Mortgage activity on hold until Quebec election
Business has slowed for Quebec-based brokers as potential home buyers wait with bated breath for the result of its April 7 election before committing to stay in the province.