News

  • Canada Guaranty to offer energy-efficient rebate by Donald Horne | 23 May 2013

    Canada Guaranty may just have removed another reason for lenders and brokers to send deals to its competitors, with the introduction of a rebate for energy-efficient homes. read more

  • Debt-servicing changes stir brokers by Donald Horne | 23 May 2013

    A move by two lenders to change their calculations on debt servicing ratios vis a vis unsecured lines of credit is raising broker eyebrows. read more

  • CMHC, bulk coverage on Flaherty’s radar by Donald Horne | 23 May 2013

    Finance Minister Jim Flaherty told reporters last week that he had “no plans” to intervene in the nation’s housing market anytime soon – but only yesterday told a Senate committee that he is examining the role of the CMHC “very closely,” including a look at portfolio insurance. read more

  • Top brokers find success going back to basics by Donald Horne | 22 May 2013

    Many of the candidates aspiring to be CMP Top 75 brokers have gone back to the basics, with an emphasis on sales and not sidelines. read more

  • Housing market facing 5-year slump, says CAAMP by Donald Horne | 22 May 2013

    A CAAMP survey released today shows a housing market that is in trouble, and in danger of struggling for another five years. read more

  • Dickson stepping down as OSFI head by Donald Horne | 22 May 2013

    A source at OSFI is now confirming the regulatory chief who ushered in the tightest lending guidelines in recent history will step down after her one and only term ends. read more

  • Brokers taking on the mantle of money managers by Donald Horne | 21 May 2013

    More and more industry professionals are becoming informal investment advisers in addition to brokering, helping clients better balance their lifestyles and finances. read more

  • Church-and-State separation crucial for in-house MICs, say brokers by Donald Horne | 21 May 2013

    Forming an in-house MIC was one of the more popular sessions at the recent Mortgage Summit – and the most important message brokers came away with is the need to keep those writing the deals and those approving the deals at arm’s length. read more

  • Eisman upbeat on U.S., down on Canadian housing by Donald Horne | 21 May 2013

    The man who earned his street cred by betting against subprime mortgages in the U.S., said he is pessimistic about the Canadian housing market where rising prices haven’t been accompanied by personal income growth. read more

  • Twitter not just for celebrities, says broker by Donald Horne | 17 May 2013

    Twitter is helping brokers grow their businesses, and the twittering and tweeting at last week’s Mortgage Summit was indicative of the growing popularity of this social format. read more