Latest news

  • Groundwork set for small banks to enter market

    The federal government’s vow to encourage greater competition in financial services will pave the way for a greater number of small companies to win banking licenses, according to one leading broker who believes that benefits both the industry and the consumer.

  • Budget 2014: Win for monolines

    The broker channel can chalk up a win for monolines following Tuesday’s budget meeting, with Finance Minister Jim Flaherty taking steps to arm “smaller banks” with the tools to better compete with the big banks.

  • Last chance to vote for CMAs

    Now is your last chance to cast your vote for the Canadian Mortgage Awards (CMAs) as polling will close this Friday.

  • Toronto to cause correction?

    Canada’s largest housing market may be cause for an eventual correction, with a new outlook from BMO Capital Markets pointing to an unsustainable mix of accelerating Toronto home prices and eventual rate hikes.

  • Industry player on how to handle press, good or bad

    One industry player suggests all press about brokers is an opportunity to engage clients; his opinion coming on the heels of what many consider a negative story.

  • Broker network exec questions value of AMP

    One executive at a broker network is sharing his thoughts on CAAMP’s move to overhaul the AMP designation and his suggested priority list for the association.

  • Broker Lifestyle prize winner revealed

    CMP received an overwhelming response for its first-ever Broker Lifestyle issue and one lucky contributor will be receiving a Samsung Galaxy Tab in the mail this week.

  • Fixed rates to remain low until 2015 spike

    The Canadian Mortgage and Housing Corporation is forecasting fixed-interest rates increases in 2014, though brokers can breathe a sigh of relief as rates are still expected to remain historically low.

  • The 'Gordon Gekko' of the mortgage industry?

    When your own attorney compares you to Gordon Gekko in court filings, it’s probably not a good sign.

  • Are 3D printed homes the future?

    Don’t worry: We’re not talking about homes made of Playdo or, even, plaster of Paris. Rather brokers may soon be arranging mortgages for cement houses made entirely by 3D printing.