Canadian Mortgage Backed Securites: The next big thing?
An increasingly important lender in the broker channel has successfully arranged a Canadian Mortgage Backed Securities (CMBS) transaction involving $400 million in commercial financing – marking the largest deal under the program since 2007. But is it also a sign of more and bigger things to come?
CMP's first ever broker lifestyle issue
She drives a 3-series BMW, vacations in Muskoka, had her 25-year mortgage paid off in less than a decade. She also owns an investment condo downtown that is rented out to a university student – her own kid. Does this sound like the typical broker?
Condo Act review includes better education for first-timers
Adding even more discourse to an already hot topic, Canada’s Public Policy Forum released a report on Ontario’s Condominium Act Review at the end of September – which provides recommendations on how to better educate first time condo buyers.
Digital Marketing Bootcamp to be hosted by industry experts
Most brokers admit social media can help bolster business to unfathomable heights, but creating and maintaining an online presence just doesn’t come naturally to some. For them, digital experts are constantly posting blogs, writing articles and hosting seminars to help social media-phoebes break into the burgeoning marketing space – and one recent offering is hosted by two women with a great deal of mortgage industry knowledge.
Laurentian Bank does away with in-house specialists
With the announcement from Laurentian Bank that they are doing away with their mobile mortgage representatives, brokers in Quebec believe the reduced competition will make it easier to do business with the bank.
FCM to Harper: housing market is putting economy at risk
In a letter sent to Prime Minister Stephen Harper, the Federation of Canadian Municipalities applauds the government’s efforts to cool down the housing market, but warns that housing costs may put the national economy at risk if further steps aren’t taken.
DLC brokers take over New Orleans
Dominion Lending Centres’ annual National Sales Conference in New Orleans had brokers buzzing following a fun-filled three-day event capping off September.
Broker: National Bank changes represent necessary paradigm shift
National Bank’s move to efficiency is sending an undeniable message to other brokerages, says one leading broker – one they can’t afford to ignore.
Scotiabank re-forecasts its outlook on the Bank of Canada once again
The Bank of Nova Scotia has re-forecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2016.
Broker teams up with CMHC to offer marketing seminars
A leading broker has teamed up with CMHC to offer marketing lessons – and it’s word of mouth that he believes should be every industry player’s primary focus.