Latest news

  • Brokers give banks more bang for their buck

    Two brokers are articulating a very dollars-and-cents argument for why mortgage professionals continue to represent real cost savings for big banks – that despite Scotia’s take-it-leave-it approach to commission cuts.

  • Invis/MI partners with rate comparison site

    Invis/MI has partnered with Kanetix Ltd., one of Canada’s top insurance and mortgage rate sites, in a bid to grow warm Internet leads for its brokers.

  • Broker network video goes viral

    Mortgage Alliance’s marketing team may have a lot of reason to dance these days. A promotional video featuring exuberant borrowers busting a move in celebration of their mortgages has gone viral.

  • Manulife and mortgage brokers become partners

    Brokers will effectively move closer to one of the country’s largest insurance companies, with its purchase of the industry' s largest creditor insurance player.

  • Scotia to brokers: commission cut is 'growth opportunity'

    Brokers are scratching their heads over comments from a Scotia exec suggesting they view the commission cut as “a growth opportunity."

  • Rate transcends network lines

    An increasing number of brokers seem prepared to cross “network lines” to get to new lenders, with agents outside the Pacific Mortgage Group expressing interest in Radius’s 2.94 per cent offer.

  • BMO, the bearer of good news?

    There seems to be some sliver of light at the end of a long dark tunnel for brokers with BMO’s latest Housing Confidence Report indicating that nearly half of all Canadians intend to purchase a home within the next five years.

  • Flaherty: No more room for rule changes

    Brokers have heard it before, but the Finance minister is saying it again – this time with more conviction – arguing the government simply has no more room to play with the mortgage rules.

  • Do I hear 2.94 per cent?

    Radius Financial formally introduced its RateWise Mortgage Monday, pointing to both its 2.94 per cent on a five-year term and its more restrictive prepayment allowances.

  • CMHC stands by emili’s accuracy

    The CMHC is once again defending Emili from a media report suggesting the system may have put the country at risk for a U.S.-style mortgage crash.