Latest news

  • Brokers applaud tough-talking Scotia CEO

    Scotia’s CEO Richard Waugh is receiving a rare show of support from the broker channel, after stating finance minister Jim Flaherty should stop interfering on mortgage rates.

  • Rate Your Realtor flops – how about Rate Your Broker?

    CREA membership recently rejected a Rate Your Realtor proposal – a concept that would be unworkable and unfeasible if applied to the broker channel argue some brokers while others are ready to embrace it.

  • Appraisal demands undermine brokers

    An increasing number of brokers are seeing exponential growth in the number of deals mortgage insurers are sending back for appraisal, a move they argue is costing clients valuable time and possibly themselves valuable credibility.

  • Broker: BMO report “whistling Dixie”

    Tuesday’s BMO report on first-time homebuyers paying an average $48,000 down on a $300,000 home is unrealistic, says one Barrie broker.

  • Broker creates webpage for unhappy RBC clients

    One broker is leaving nothing to chance amid the RBC public relations fiasco, creating a web page showing people how to switch their mortgage from the embattled bank to another lender.

  • Brokers benefit from RBC blunder

    RBC’s decision to replace 45 employees with temporary foreign workers has generated outrage among the public – and, inadvertently, a promotional boon for mortgage brokers.

  • Helping people is in his blood

    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.

  • Street opens Calgary office in May

    Street Capital is opening an underwriting centre in Calgary this May, expanding their network from Toronto and Vancouver.

  • Restructuring reaps rewards

    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.

  • Unsecured debt hurting mortgage industry

    A recent CIBC survey showing the average homeowner expects to take an extra two years to pay off mortgage debt is the direct result of unfettered access for unsecured credit, say brokers, renewing calls for government action.