Latest news

  • HELOC success? Depends who you ask

    HELOCs and Lines of Credit have all but dried up for some brokers, while others continue to rely on them for their bread and butter.

  • Population growth will cure housing market: analyst

    The only sure cure for Ontario’s sagging housing market is more people moving into the province, a CMHC analyst told brokers last week.

  • HELOCs, lines of credit at virtual standstill

    Growth in HELOCs and other lines of credit have slowed to a virtual standstill, according to a new report from Equifax, suggesting brokers looking for real growth in that segment face increasing disappointment.

  • Association arms brokers for a fair fight

    The Mortgage Brokers Association of B.C. is following its Ontario counterpart in offering member coverage for legal services in the event of an investigation by FICOM or a CRA audit.

  • Medicine's loss is the channel's gain

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.

  • Breathing life back into the B.C. market

    Guaranteeing value for nervous West Coast homebuyers has transformed a market mired in a glut of inventory into the goose that laid the golden egg for one B.C. broker.

  • The cost of blind faith in a bank

    The case of an ill woman coming close to losing her home because of a bank oversight has highlighted the value-add of brokers over branch representatives, argue channel veterans.

  • Broker: FSCO to blame for channel mediocrity

    Probably 75 per cent of brokerages are operated by unsuccessful mortgage professionals, and that can be laid at the feet of FSCO, says one broker.

  • Debt, housing and economy will factor in rate increase

    Bank of Canada Governor Mark Carney is looking for more substantial economic growth before hiking his the Overnight rate; but he is also factoring in the housing market and personal debt before making any decision.

  • Strength in the face of adversity

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.