Latest news

  • Broker takes to the streets to market firm

    Industry players are turning high-tech – from blogging to Tweeting – to drum up leads, but one shrewd broker is now turning to the oldest of old-school approaches to drum up that business.

  • Canada’s Top 100 investor neighbourhoods revealed

    For brokers looking to encourage their property investor clients into the marketplace, this may be the tool you need.

  • Mortgage fraud: Beyond broker control

    A disbarred Alberta lawyer has earned a two year prison sentence for committing mortgage fraud, among other felonious activities – and what, if anything could a broker have done to stop her?

  • CMA awards: Get your ballots in

    The Canadian Mortgage Awards are back with a focus on charity and ready to honour this year’s leading industry players. We’re also tipping our hats to the hundreds of others who have claimed trophies over the last eight years, with a retrospective on their continuing contributions to the broker channel.

  • Lender moves to attract brokers

    British Columbia-based financial services company will shed both its name -- North Shore -- and its “credit union” moniker in a rebranding effort; which may make it easier for brokers to sell clients on its offerings.

  • IMBA makes MBLAA recommendations

    The Independent Mortgage Brokers Association of Ontario (IMBA) joined the long list of organizations to present its recommendations to those charged with reviewing the Mortgage Brokerages Lenders and Administrators Act of Ontario (MBLAA) – citing a review of education requirements among several other salient issues.

  • Brokers call for stricter education requirements

    Brokers, who have dealt with the fallout created by inexperienced peers, are calling for stricter education requirements for incoming mortgage professionals, even as Ontario reviews its regulations.

  • Bank of Canada may wait even longer to raise overnight rate

    The Bank of Canada may hold off on hiking rates until the U.S. Federal Reserve decides to raise its own, argues Fidelity Investments, giving brokers yet more food for thought on when their market will finally cool down.

  • Bank of Canada monitoring MICs

    Mortgage investment corporations (MICs) – lenders that brokers are increasingly turning to – aren’t cause for major concern, according to the deputy governor of the Bank of Canada, but his institution is keeping a close eye on them.

  • Scotiabank: Market to slow in 2014 but are brokers sold?

    Scotiabank has stared into its crystal ball and seen a slow market in 2014 due to interest rate hikes and stunted job growth, though brokers may not be willing to accept the prophecy as gospel.