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.