News

  • Broker maps out new lead gen strategy by Vernon Clement Jones | 24 Apr 2012

    A successful young broker has gone miles further in generating mortgage leads than the competition – becoming arguably the first to set up a call centre in India specifically focused on contacting 15,000 Canadians a day. read more

  • Broker: banks winning the rental wars by Vernon Clement Jones | 24 Apr 2012

    Some mono-lines may in fact be chasing rental business to the banks by attaching premiums to both the borrower’s interest rate and insurance costs, argues one broker focused on that end of the market. read more

  • Title insurer offers brokers mobile app by | 24 Apr 2012

    FNF Canada announced the launch of a mobile app, which provides brokers with real-time file status updates on all of their mortgage transactions serviced by the company. read more

  • Prepayment information is power for brokers by Vernon Clement Jones | 20 Apr 2012

    Brokers waiting around for lenders to meet new prepayment penalty requirements introduced last month, may want to consider an effective but little know alternative route to that same information, says one seasoned broker. read more

  • Inflation rate drop likely to ease pressure on rate hikes by | 20 Apr 2012

    After a well-worded warning that the Bank of Canada may be forced to raise interest rates earlier than expected, Mark Carney may have to wait, as Canada’s annual inflation rate for March dropped below the bank’s target. read more

  • Broker: massive broker cull to cut buy-downs by Vernon Clement Jones | 19 Apr 2012

    With the Ontario regulator now releasing its final tally on relicensing casualties, a leading broker is arguing the high losses will help cut the pressure to buy down rate. read more

  • Advocates of 100% commissions answer back by Vernon Clement Jones | 19 Apr 2012

    The tides have turned in the direction of 100 per cent commissions for agents, and the only thing brokers can do is go with the flow, argues one team leader, pointing to the success of his own flat-fee model in winning back associates. read more

  • Commission splits challenging industry's future by Vernon Clement Jones | 18 Apr 2012

    Brokers with decades of experience at both large and small networks are sounding the alarm about an industry shift in commission splits – a trend with short-term benefits for some individuals, but long-term consequences for the profession. read more

  • New association helps win tighter regulations by Vernon Clement Jones | 18 Apr 2012

    Execs at the country’s newest mortgage broker association may want to take a bow, having helped sell another province on the need to “professionalize” its mortgage brokers. read more

  • Toronto housing market continues to tighten by | 18 Apr 2012

    With sales continuing to rise in the Greater Toronto Area and listings falling behind, the market in Canada’s largest city continues to tighten, driving prices upward, according the city’s real estate board. read more