• 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

  • Broker ensnarled by REDX error by Donald Horne | 17 May 2013

    A Toronto broker wants the same high standards currently applied to mortgage brokers placed on REDX reporting – having herself fallen victim to an apparent case of mistaken identity. read more

  • Brokers urge prudence while economist urges rate bump by Donald Horne | 16 May 2013

    Incoming Bank of Canada Governor Stephen Poloz is already getting advice from a C.D. Howe economist urging him to raise his overnight rate, but brokers are staying on message suggesting he should leave well enough alone. read more

  • GTA condo rentals skyrocket while sales plummet by Donald Horne | 16 May 2013

    The tightening of the mortgage rules have had their effect – driving first-time homebuyers into the condo rental market, pushing average rents in the GTA to a record $1,856, and denying brokers those clients frustrated by Jim Flaherty’s stricter rules. read more

  • Little risk of CMHC meltdown, says economist by MBN | 16 May 2013

    Economists are standing up to address concerns about the soundness of Canada Mortgage and Housing Corp’s portfolio, answering speculation that the insurer would need a bailout should the housing market go south. read more