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.
First comes baby, then the CMP Top 75
Skye McLean of Argentum Atlantic HS did – and she’s eager to be a Top 75 broker once again this year – even if she slips a little in the rankings.
Extension granted on MIC regulations
There will be a few more months of talks on how B.C.’s MIC regulations will take shape, as the exemption deadline for dealer registration has been pushed back by the British Columbia Securities Commission for another year.
Banks need to be held accountable on penalties, says expert
Getting a straight answer from a bank on a client’s loan is like pulling teeth, says one investment player expert in reducing mortgage penalties.