News

  • Canada keeps triple-A rating with S&P by Nestor Arellano | 11 Dec 2012

    Standard & Poor’s has reaffirmed Canada’s triple-A rating despite mounting levels of household debt and the housing market flux. read more

  • BC brokers seeking self-regulation by Nestor Arellano | 11 Dec 2012

    Mortgage professionals in British Columbia are poised to submit a position paper to the province’s Ministry of Finance endorsing a self-regulated industry similar to that of Alberta. read more

  • Small brokers feeling brunt of slowdown by Nestor Arellano | 11 Dec 2012

    Mortgage professionals in rural areas and smaller markets are more likely to feel the chill of the cooling market as the CMHC report housing starts drop for the third month in a row. read more

  • DLC offers branded credit cards by Nestor Arellano | 10 Dec 2012

    Some say it’s a bad idea, other say it makes perfect sense. But last week, Dominion Lending partnered with Visa to become the country’s first mortgage company to launch its own branded credit card program. read more

  • TMG ranks 6th in top 20 companies to work for in BC by Nestor Arellano | 10 Dec 2012

    TMG The Mortgage Group Canada ranked number six among this year’s list of 20 best companies to work for in British Columbia compiled by BCBusiness Magazine. read more

  • Bank of Canada raises alarm on condo overbuilding by Nestor Arellano | 07 Dec 2012

    Those constantly multiplying construction cranes marring the downtown Toronto office window view could be harbingers of “severe economic shocks” for Canadians, according to the latest report from the Bank of Canada which raised warnings of overbuilding in the condo sector. read more

  • Paradigm Quest president in Canada’s top 100 most powerful women list by Nestor Arellano | 07 Dec 2012

    Kathy Gregory, founding president and CEO of mortgage services firm Paradigm Quest, was named by the Women Executive Network (WXN) as one of the country’s Top 100 Most Powerful Women for 2012. read more

  • Broker to CAAMP: Give up the mortgage-rule ghost by Nestor Arellano | 06 Dec 2012

    At least one broker is suggesting CAAMP – meeting with officials in Ottawa next week – needs to reconsider its position on tighter mortgage rules and embrace the long-term benefits of the revamp. read more

  • CIBC report confirms FirstLine revenue slide by Vernon Clement Jones | 06 Dec 2012

    CIBC’s annual report is now pegging a dollar figure to the closure of FirstLine, the move appearing to cost the bank $20 million in revenue for fiscal 2012. read more

  • Flaherty 'happy' about slowing market by Vernon Clement Jones | 05 Dec 2012

    Jim Flaherty’s reaction to a cooling real estate market may be the polar opposite of most brokers, with the finance head suggesting he’s “happy” about the slowdown. read more