Latest news

  • Lender mergers: Good or bad?

    Brokers are feeling uneasy with the number of mergers taking place in the industry recently, voicing concerns that a shrinking pool of lenders may nullify their competitive advantage.

  • Broker: Don't get too excited about arrears rate decline

    As Canadian arrears rates drop, is it time for the government to back off? Not necessarily, says one leading broker.

  • The rise of the variable rate?

    Fixed or variable? It’s a debate brokers thought they left behind but is now coming up more and more as fixed rates climb and concerns about a Central Bank move fade into the distance.

  • Banks continue to frustrate brokers

    A perennial thorn in the side of every broker, the games that banks play in order to block a broker’s deal are many. So here’s one you may be able to relate to.

  • Dispelling the CU myths

    Increasingly competitive fixed rates at credit unions have brokers debating what if any limitations come hand in hand, especially around the question of whether those mortgages are effectively closed.

  • Broker: demolish marijuana grow-op houses

    Brokers across the country are calling for complete disclosure when it comes to former marijuana grow-ops and one industry leader believes any house known to have formerly housed a grow-op should be demolished.

  • Mortgage debt keeps climbing

    New Equifax data suggests that mortgage debt has eclipsed credit cards as the number one driver of household debt.

  • Credit unions offer best rates

    Credit unions are cashing in on the opportunity to snag business from other lenders in the wake of three big banks and one monoline announcing rate increases last week.

  • Banks can't keep up with demand

    Brokers say they are experiencing longer than average turnaround times with the banks, suggesting it could be a result of a flooded market due to collective client fears that rates will continue to increase.

  • Heritage Financial acquires Verico Boomerang

    In a statement released Monday, Heritage Financial Group Ltd. announced it has acquired a 50 per cent stake in Verico Boomerang Financial Inc., a Calgary-based mortgage brokerage firm.