Latest news

  • Lock in now, economist advises brokers

    The author of a recent B.C. Real Estate Association report is putting his money where his mouth is when it comes to predicting interest rates.

  • Broker wants answers from TD on deal reversal

    A Waterloo-based broker has one question: What changed to make the same bank approve a deal that had been repeatedly rejected when he presented it?

  • CREA May numbers mixed

    New residential listings inched upward for May compared to the same month last year, thanks to a significant drop in B.C. homes on the market, according to the latest numbers from the Canadian Real Estate Association.

  • MCC sale a sign small brokerages being squeezed out?

    One broker is asking whether or not smaller broker networks and brokerages will be challenged to compete against the clout of increasingly big players like DLC, now the proud owner of MCC.

  • Outgoing MBABC president Dreyer looks back, looks ahead

    When Dreyer took the reins as president of the MBABC back in May of 2012, he told MortgageBrokerNews.ca that “it is imperative that our board work with these regulators and lenders to ensure the proposed policies create a strong economic environment for Canada while continuing to make home ownership accessible to all Canadians.”

  • Bank of Canada sounds warning on GTA condo market

    Once again, the warning bell has been sounded on Toronto’s condominium market – this time by the Bank of Canada.

  • MCC brand will continue, says DLC’s Mauris

    Dominion Lending Centres’ purchase of The Mortgage Centre (MCC) from CIBC represents “a commitment to the mortgage broker space,” says DLC president Gary Mauris.

  • DLC acquires MCC

    Dominion Lending Centres has acquired ownership of The Mortgage Centre, marking CIBC's absolute retreat from the broker channel.

  • May CMHC, Teranet numbers encouraging

    Condo starts were up surprisingly for the month of May, reaching 200,000 from April’s 176,000 – helping to maintain a level number of new housing starts nationwide, according to CMHC’s latest seasonally adjusted annual rates.

  • GTA new homebuyers facing unfair tax load

    It’s important information for brokers, but also their clients buying new builds in the GTA and facing an unprecedented spike in fees that won’t be covered by the mortgage.