Latest news

  • 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.