Latest news

  • B-21 to erode credit union competitive advantage

    In a guest blog exclusively for MortgageBrokerNews.ca, Daniel Lewczuk of Mortgage Intelligence examines how credit unions -- who heretofore have enjoyed a competitive advantage over banks and monolines -- will be affected by OSFI's B-21 guidelines.

  • Home prices spark environmental concern | Rising vacancy rates | Crowd-funding kerfuffle

    Environmental impact on house prices, a concern for the Great Lakes...Commercial property sees vacancy rates rise again, but slower…and should real estate be excluded from ‘crowd-funding’?

  • Brokers: Opportunity for lenders to embrace insurers

    A competitive advantage is there for the taking for monoline lenders who are willing to work with Canada’s two private mortgage default insurers -- Genworth and Canada Guaranty, according to two brokers.

  • Brokers on Lenders: Opinions diverge

    Two brokers share their take on how monoline lenders are performing ahead of the seventh annual Brokers on Lenders issue. Have your say today by filling out the survey.

  • Are Realtors soon to be obsolete?

    The need for an agent in the selling process is dead. Or so believe many investors who are getting their lawyers to do the hard work. But how do brokers feel about this new trend?

  • Daily Market Update

    Recreational property showing improving signs, despite CHMC change….. Economist says it’s too soon to relax on housing bubble…. Calgary’s East Village set to be hot market…. And mixed-use developments may all be very similar, but with good reason….

  • Bank: rate hike looming

    Another major bank has joined the chorus of pundits forecasting a cooling period for Canada’s housing market as well as a hike to record-low mortgage rates.

  • Big bank sees error in its ways

    Scotiabank offered its apologies and waived the $7,000 in fees that it applied to an injured soldier who broke his mortgage contract to move back to his home in New Brunswick.

  • Daily Market Update

    Another record breaking month for Calgary’s luxury market... Canadian consumer confidence at lowest point in almost a year... Ottawa opens up the mysteries of pre-planning meetings... and Scotiabank do the right thing for military vet.

  • Brokers lament lender wait times in wake of low rates

    The spring season has seen rates drop to record lows and while the trend has bolstered broker business, it has also caused a back-log of files at a number Canada’s lenders.