CREA forecast darkens broker prospects
The future for Canada’s housing market won’t be nearly as bright as the Canadian Real Estate Association had earlier predicted, the organization now slashing its forecasts for this year and next.
Brokers laud Street Capital’s charter quest
It may be still two years away, but some brokers believe Street Capital’s chartered bank status ambitions are a step in the right direction.
Vanishing options a big issue for brokers
Early poll responses to the 2012 CMP Brokers on Lenders survey suggest brokers are concerned about the loss of product options and the cookie-cutter approach of conservative lenders.
Canadian housing shifts into low gear - Scotia
Difficulty in getting credit and job loses have taken their toll on Canadian’s home purchasing desires, according to the Q2 Global Real Estate Trends report by Scotiabank.
Tit for tat: Let's call ourselves 'mobile specialists'
What goes around should come around, argues one broker. Specifically, if road reps can casually refer to themselves as mortgage brokers, then mortgage professionals should perhaps consider calling themselves mobile mortgage specialist. There may in fact be a real benefit to that name change.
Realtors cry foul over MLS criticism
Misinformation and stereotypes are painting an inaccurate picture of real estate agents’ use of the Multiple Listing Service, according to Realtors.
Street Capital takes bank charter route
Mortgage brokers can still count on the Street Capital products that they have been using for years even if the the mono-line`s application for a Schedule 1 bank gets approved, according to the lender.
Montreal condo market slips
For the first time since 2008, average prices of condos in the Greater Montreal Area tumbled, due largely to tougher mortgage rules and an increase in the amount of inventory, according to a recent report from the Greater Montreal Real estate Board.
Realtors hiding behind MLS - brokers
Embrace change rather than fear it. That’s the message some mortgage brokers have for realtors feeling the pinch of the Competition Bureau’s efforts to loosen the real estate industry’s stranglehold on the Multiple Listing Service.
DLC launches white label product line in Quebec
Upfront payment and trailer fees are some of the benefits provided by DLC’s Dominion Mortgage white-label product which the broker network recently launched in Quebec.