News

  • Broker poll to reveal industry sentiment by | 30 May 2012

    Has the government gone too far with mortgage rule changes? Are brokers satisfied with their brokerage? What are brokers doing to increase revenue? read more

  • Mortgage approvals to grow: Conference Board of Canada by | 30 May 2012

    A new report is predicting conventional mortgage approvals to grow by 4.8 per cent in 2012 with total mortgage approvals rising 1.8 per cent, though that is down from earlier predictions. read more

  • Report: brokers beef up renewals by Vernon Clement Jones | 30 May 2012

    CAAMP’s new spring report is the second this month to suggest brokers are growing their share of renewals against an onslaught of bank competition, with mortgage professionals handling 22 per cent of those transactions last year. read more

  • HOMEQ deal gets shareholder approval by | 30 May 2012

    After some concern that a takeover of Canada’s leading provider of reverse mortgages might fall through, shareholders have given the $138 million deal their approval. read more

  • Home prices continue to rise in most cities by | 30 May 2012

    Canadian home prices rose in April from March for the second consecutive month, with prices up in nine of 11 metropolitan markets, led by western centres Edmonton, Calgary and Winnipeg. read more

  • Mono-lines play David to banks' Goliath by Vernon Clement Jones | 29 May 2012

    It may be another case of David kicking Goliath’s butt, with mono-lines now taking back some of the business brokers were prepared to send to the banks, according to the latest quarterly report from D+H. read more

  • Brokers poised for refi slowdown by Vernon Clement Jones | 29 May 2012

    Brokers may be soon be hurting for renovation-led refis, as a growing number of Canadians cancel plans to spruce up or completely redo the old homestead. read more

  • Housing affordability slips by | 29 May 2012

    The costs of owning a home increased in most major cities across Canada after two consecutive quarters of improvement. read more

  • Brokers keep ties to FirstLine by Vernon Clement Jones | 28 May 2012

    Make no mistake, FirstLine has suffered a precipitous drop in broker market share, but it nonetheless remained in the top four lenders by funded volume in the last quarter – that despite news CIBC was preparing to sell and was actively fighting to convert clients. read more

  • Debt poll challenges OSFI proposals by Vernon Clement Jones | 28 May 2012

    Canadians are using their extra cash to more quickly chip away at credit card and lines of credit debt, according to a new bank survey, backing up broker concerns about the dangers of unsecured credit. read more