Only 56 per cent of brokers have applied for license renewal
Are we set for a major broker cull or are brokers just procrastinators?
The latest data from the Financial Services Commission of Ontario (FSCO) points to a mere 56 per cent renewal rate among brokers leading up to the March 31 deadline to submit license renewal applications.
How to: Advise clients about bidding wars
A broker is often a homebuyer’s first pit-stop on the way to home ownership but once that transaction is completed buyers may have to deal with the shark-infested waters that surround bidding wars. Here are some tips to pass on to your clients to better prepare them and build confidence.
Former Ontario broker faces 28 charges
The Financial Services Commission of Ontario has charged a former licensed broker with 28 counts under the Ontario Mortgage Brokerages, Lenders and Administrators Act.
Newcomers to be honoured at CMAs
The mortgage broker industry has its fair share of regular faces; the old guard who have been leaders for years. Each year, however, a new crop of up-and-coming, ambitious professionals emerge and some of them will take home Canadian Mortgage Awards for their efforts. These are our finalists in a number of “newcomer” categories.
Broker debate over Flaherty's legacy
Brokers are of two minds following Finance Minister Jim Flaherty’s announcement Tuesday that he is stepping down; some commend his initiatives while others are happy to see him go.
Broker: 'Recalibrate' business model to survive
One former CAAMP chair and head of one of the largest independent brokerages is warning brokers to “recalibrate” their business model or risk being left behind as the market changes.
Best advertising CMA finalists announced
In the continued unveiling of our CMA finalists, MortgageBrokerNews.ca announces the second round of shortlisted categories – with all winners set to be announced May 9 at the Liberty Grand in Toronto.
First round of Canadian Mortgage Awards finalists unveiled
Starting today MortgageBrokerNews.ca will begin unveiling finalists for the Canadian Mortgage Awards – set to draw hundreds of industry professionals to Toronto's Liberty Grand May 9.
Get to know the average first-time buyer
A new report indicates that first-time home buyers may have increased their average budget but are also waiting longer to make that first purchase in the wake of increased housing prices.
Jim Flaherty move shocks brokers
Brokers may not know whether to laugh or cry following Flaherty's announcement Tuesday.