• CAAMP upping its Ottawa lobbying game by Vernon Clement Jones | 17 Jan 2012

    CAAMP is ramping up its lobbying efforts in Ottawa, aiming to grow the profile of its members and, by extension, the industry with a federal government relations consultant. read more

  • Broker: Yikes! More, more and more preapprovals by Vernon Clement Jones | 17 Jan 2012

    Brokers on Vancouver’s Lower Mainland are caught between a rock and a hard place, more specifically a glut of “overpriced” inventory on one side and, on the other, clients in no rush to convert a mountain of preapprovals, says one frustrated mortgage professional. read more

  • Bank: Rate decision may increase consumer debt by Vernon Clement Jones | 17 Jan 2012

    The Bank of Canada conceding its decision to keep the benchmark overnight rate at 1 per cent Tuesday will likely increase average household debt. read more

  • Spate of buy-downs to follow BMO rate: Hugh by Vernon Clement Jones | 16 Jan 2012

    Inexperienced agents will likely move to buy down their rates on a five-year fixed in order to compete with BMO’s well-publicized special, says one industry veteran, cautioning them against that move. read more

  • Canadian house price gains in 2011 modest: CREA by | 16 Jan 2012

    The evidence continues to point to a cooling Canadian housing market, as the Canadian Real Estate Association released its data for December 2011. read more

  • BMO move raises questions about 30-year amortization by Vernon Clement Jones | 13 Jan 2012

    BMO may be positioning itself at the forefront of any movement to do away with the 30-year amortization, presenting a limited-time offer on what may be the industry’s lowest five-year fixed rate – but one specifically capped at 25 years. read more

  • B.C. association reaches out to consumers by Vernon Clement Jones | 12 Jan 2012

    A new website may be extending brokers not one but two helping hands – the first better connecting them to MICs; the second growing the public's confidence in those lesser-known lenders. read more

  • Construction starts building bubble concerns by Vernon Clement Jones | 10 Jan 2012

    Economists predicting a correction haven’t yet decided whether to call it a blessing or something else, but a spate of condo projects in Toronto drove the country’s housing starts higher than expected in December – almost 15,000 above the previous month’s. read more

  • ING CEO addresses HELOC concerns by Vernon Clement Jones | 10 Jan 2012

    ING has now launched a charm offensive focused on addressing any consumer – and, indeed, broker – concerns around HELOCs, expected to formally hit the channel in the first quarter. read more

  • Brokers and bankers square off on 30-year amortization by Vernon Clement Jones | 06 Jan 2012

    While bank economists seem increasingly resigned to the potential loss of the 30-year amortization, brokers insist that move would unfairly tie of the hands of clients looking to maximize the bang for their buck. read more