Broker: Buydowns have greater effect on broker networks
Rate buy downs affect broker networks more than they do individual brokers, suggests one leading industry player, and 2014 will foster even more of these types of deals as brokers try to compete in an increasingly competitive environment.
Brokers beware of young buyers driving Audis
Finance Minister Jim Flaherty said on CTV’s Question Period Sunday that he is monitoring the state of the housing market and is willing to intervene in the mortgage default insurance industry again if the need is felt.
Broker forecast: Banks have advantage in 2014
One leading broker is staring into his crystal ball and forecasting another year of competitive advantage for the bank branch in one or two key areas.
New thinking on BoC rate hike
Brokers are anticipating a particularly busy 2014 as clients look to move before the Bank of Canada does, although there’s new thinking on the timing of its long-awaited hike in the overnight rate.
Broker shares wish list for industry in 2014
With a new year upon us, brokers each have a wish list of things they’d like to see happen in the mortgage industry, although one leading player is hoping for as little change as possible. At least in one area.
Two brokers teach public about financial literacy
A father and daughter mortgage team is giving back to the community by teaching financial literacy to entire families.
Big things on the horizon for O'Leary Mortgages?
O’Leary Mortgages is mum on how the business is faring in the choppy waters of the current market other than to suggest it will make big waves of its own in 2014.
Broker fears particular rule change
Brokers are fearing further mortgage rule changes, especially any that would disrupt the flow of “cheap" but increasingly necessary money into the market.
Leadership event for female brokers
One industry player has organized an event to help inspire and motivate tomorrow’s female leaders with her second BC Women in Mortgages Leadership Event, set to take place on February 3.
CMHC appoints former banker
The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer of CMHC for a five-year term effective January 1.