Latest news

  • Broker not intimidated by rate sites, buydowns

    Despite increasing competition from rate sites and competitors buying down rate, one leading broker sees the changing industry landscape as an opportunity to refocus business.

  • Rate hike expected to affect affordability in many markets

    In its latest housing affordability report, the Royal Bank of Canada predicts interest rates will soon rise; putting housing affordability in many markets across the country in jeopardy. Should brokers expect an influx of business in the short-term?

  • 2.99 returns; sparks competition

    Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.

  • Brokers feel the buydown heat

    It may be the broker equivalent of the canary being sent into coal the mine with early results from the Broker Sentiment poll suggesting industry players are feeling the effects of having to buy-down rate to stay competitive.

  • Broker: Look to China for ideas on cooling market

    Hong Kong has found a novel way to cool its housing market and one broker believes a similar initiative could do the same in Canada.

  • MBN launches new mobile website

    MortgageBrokerNews.ca recently launched a new and improved mobile website, making it easier to view and share content on your smartphone.

  • Far-out Friday: Bruce Lee’s guide to productivity

    Bruce Lee is an international icon for kung fu devotees, but he was also a guru for discipline, productivity and multi-tasking. He was far more than just a film star and martial artist, so it makes sense to look towards the late Enter The Dragon star for tips on how to get the most out of work.

  • Condo buyers feel the pinch

    Tightened lending guidelines are particularly affecting one type of homebuyer in major cities, according to one broker.

  • Grow-op registry proposed

    Brokers and Realtors rarely agree but on this they may, with the Association of Saskatchewan Realtors calling for a registry for former drug houses.

  • Alberta floods cause lender apprehension

    Brokers in Alberta may be feeling the pinch, with last summer’s severe floods leaving some lenders apprehensive about lending in certain areas.