Good news for REITS, bad news for brokers
The lower interest-rate environment and economic growth in Western Canada should prop up an increasingly iffy real estate market, but not necessarily for brokers, according to a recent report by credit ratings firm DBRS.
Broker clarifies Toronto Star comment
A mortgage professional advising homebuyers to choose brokers doing 100 or more deals a year is now clarifying that comment published in the country`s largest newspaper.
BoC hints at rate hike
The Bank of Canada announced Wednesday it will maintain its overnight rate at 1 per cent, also hinting at the future withdrawal of that stimulus.
Poll: brokers think pooling bad for industry
Brokers believe that the practice of volume pooling is bad for the channel, according to a recent online poll run by MortgageBrokerNews.ca.
Brokers better BMO's best
Nice try, BMO, but no cigar. Brokers say they aren’t the slightest least bit worried about the bank’s new 3.09 per cent five-year fixed because the channel can match and even better that no-frills offer.
ING's broker days numbered, says vet
Brokers clinging to the notion that it will be business as usual with a Scotia-owned ING are facing certain disappointment because the popular discount banking brand is bound to disappear in Canada after 18 month, according to a seasoned mortgage professional.
Market points to slowing preapproval conversions
Despite a cooling real estate market, the average home price in Canada reached a record high in July -- not exactly good news for brokers itching to convert preapprovals.
Brokers: Scotia’s ING purchase benefits channel
One of ING’s biggest broker partners is arguing against fears Scotia will compromise the smaller player’s independence.
Rosy condo market forecast for 2013
Never fear, brokers: First-time buyers, retirees and population growth will fuel the condo market in key Canadian markets this year and next, according to Genworth. Although, some more than others.
Breaking news: Scotiabank to buy ING
The gods may be listening to brokers with channel lender Scotia announcing it has reached a definitive agreement to purchase ING Direct Canada.