• 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

  • Residential permits bounce back in November by | 06 Jan 2012

    On the heels of three straight months of mild declines, residential building permit values made up for ground lost in November with a 6.9% gain over the previous month, according to figures released by Statistics Canada. read more

  • Economist: Home prices may be 15% overvalued by Vernon Clement Jones | 06 Jan 2012

    CIBC’s top economist is going one better than TD’s, suggesting Canadian home prices may be as much as 15 per cent overvalued and not just the 10 per cent suggested by that larger bank. read more

  • TMG promotes from within by Vernon Clement Jones | 06 Jan 2012

    TMG The Mortgage Group is moving three of its regional leaders up the corporate ladder, billing the move as in keeping with its philosophy of promoting from within. read more

  • Brokers 'sell out' winter conferences by Vernon Clement Jones | 05 Jan 2012

    Concerns about a cooling market haven’t affected broker appetite for warm-weather conferences, with broker networks and associations reporting what in many cases is unprecedented demand for their annual getaways. read more

  • Mortgage lenders more conservative than projected by Vernon Clement Jones | 05 Jan 2012

    CMHC is offering brokers more evidence that mortgage debt remains in check, its latest report confirming that lenders used only half of the backup money the government set aside to buy their mortgages during the recession. read more

  • 2011 GTA housing market one of the best on record by | 05 Jan 2012

    Brokers in the Greater Toronto Area enjoyed one of the best years for homes sales, according to the Toronto Real Estate Board, with both sales and prices rising year-over-year. read more

  • Broker: Treat new agents like new specialists by Vernon Clement Jones | 04 Jan 2012

    A seasoned broker is advocating a sea-change in the relationship between new agents and brokerages, suggesting the industry may want to adopt the banks’ mortgage specialist model. read more