News

  • Internet-savvy consumers question need for brokers by Vernon Clement Jones | 30 May 2013

    A growing number of homebuyers say they simply don’t need the advice of a broker, according to a new survey, suggesting those cock-sure consumers are prepared to go it alone with help from the Internet. read more

  • Not paying taxes bad advice, brokers agree by Donald Horne | 30 May 2013

    An article in the Financial Post suggesting people should stop paying property tax to save money is not just bad advice, but a recipe for disaster, says one broker. read more

  • Banks better than brokers, suggests report by Vernon Clement Jones | 29 May 2013

    This may not be the best way to start your day, but a new report suggests bank reps remain better at clinching deals than their broker counterparts. read more

  • ING takeover boosts Scotia’s earnings by Donald Horne | 29 May 2013

    Scotia’s acquisition of ING Direct may have been a blow to the broker channel, but it gave a much-needed boost to the big bank’s second-quarter net income earnings. read more

  • Broker and lender divided on deal by Donald Horne | 29 May 2013

    An Ontario broker and a private lender are at odds over two deals that fell through – one involving the forfeiture of thousands of dollars in commitment fees as spelled out in the contract. read more

  • Street gets CMHC approval to securitize mortgages by Donald Horne | 28 May 2013

    The Canada Mortgage and Housing Corporation has now confirmed Street Capital as both an approved issuer of NHA mortgage-backed securities and a seller under the CMB – a dual designation set to help brokers, according to the lender. read more

  • Small-market brokers feel the pinch by Donald Horne | 28 May 2013

    Making the big numbers in a small market is never easy – and a difficult 2012 made it all that more difficult for even the best of the best. read more

  • RBC pledges “no more outsourcing” by Donald Horne | 27 May 2013

    RBC may just have zapped some of the selling power of brokers, with the big bank now promising to never outsource Canadian jobs to foreign workers solely to save money. read more

  • Home Capital looking to double portfolio by Donald Horne | 27 May 2013

    Tough times, only for some. Home Capital Group actually plans to double its book by taking on customers turned away by the big banks. read more

  • Restrictions, not affordability, hurting Vancouver, says broker by Donald Horne | 27 May 2013

    According to a recent RBC Economics Research study, Vancouver remains the least affordable city in Canada to buy a home – something that isn’t stopping first-timers prepared to lower their expectations, says one broker. read more