Latest news

  • Laurentian Bank does away with in-house specialists

    With the announcement from Laurentian Bank that they are doing away with their mobile mortgage representatives, brokers in Quebec believe the reduced competition will make it easier to do business with the bank.

  • FCM to Harper: housing market is putting economy at risk

    In a letter sent to Prime Minister Stephen Harper, the Federation of Canadian Municipalities applauds the government’s efforts to cool down the housing market, but warns that housing costs may put the national economy at risk if further steps aren’t taken.

  • DLC brokers take over New Orleans

    Dominion Lending Centres’ annual National Sales Conference in New Orleans had brokers buzzing following a fun-filled three-day event capping off September.

  • Broker: National Bank changes represent necessary paradigm shift

    National Bank’s move to efficiency is sending an undeniable message to other brokerages, says one leading broker – one they can’t afford to ignore.

  • Scotiabank re-forecasts its outlook on the Bank of Canada once again

    The Bank of Nova Scotia has re-forecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2016.

  • Broker teams up with CMHC to offer marketing seminars

    A leading broker has teamed up with CMHC to offer marketing lessons – and it’s word of mouth that he believes should be every industry player’s primary focus.

  • Brokers react to National Bank compensation changes

    National Bank announced changes to the compensation structure of its broker services this week and broker opinions diverge among those who say they won’t be affected and those who feel it will impact their decision to use the bank’s services.

  • Government shutdown may have negative effect on brokers

    MortgageBrokerNews.ca’s sister site in the United States is tracking the effects of the shutdown on your counterparts south of the border. Is this another reason to be happy to do business in Canada?

  • A business card that saves your client money?

    In a marketing initiative likely to garner the interest of cost-conscious clients, Mortgage Alliance has now partnered with Petro Canada for the launch of its Mortgage Alliance Fuel Savings business card this week.

  • Banks not affected by rate hikes... yet

    Fitch Ratings released a report Monday stating that the Canadian banks have yet to experience a significant decrease in their mortgage sales, despite the increase in interest rates that many thought would price consumers out of the market; though the agency does believe there is a possibility that the effects will be felt in the months to come.