Latest news

  • Eisman upbeat on U.S., down on Canadian housing

    The man who earned his street cred by betting against subprime mortgages in the U.S., said he is pessimistic about the Canadian housing market where rising prices haven’t been accompanied by personal income growth.

  • Twitter not just for celebrities, says broker

    Twitter is helping brokers grow their businesses, and the twittering and tweeting at last week’s Mortgage Summit was indicative of the growing popularity of this social format.

  • Broker ensnarled by REDX error

    A Toronto broker wants the same high standards currently applied to mortgage brokers placed on REDX reporting – having herself fallen victim to an apparent case of mistaken identity.

  • Brokers urge prudence while economist urges rate bump

    Incoming Bank of Canada Governor Stephen Poloz is already getting advice from a C.D. Howe economist urging him to raise his overnight rate, but brokers are staying on message suggesting he should leave well enough alone.

  • GTA condo rentals skyrocket while sales plummet

    The tightening of the mortgage rules have had their effect – driving first-time homebuyers into the condo rental market, pushing average rents in the GTA to a record $1,856, and denying brokers those clients frustrated by Jim Flaherty’s stricter rules.

  • Little risk of CMHC meltdown, says economist

    Economists are standing up to address concerns about the soundness of Canada Mortgage and Housing Corp’s portfolio, answering speculation that the insurer would need a bailout should the housing market go south.

  • Great agents born or made?

    The skills for writing a contract are there with new agents, say brokers, but it is the crucial qualities that make a good salesperson which are most lacking.

  • Top 75 brokers share their recipe for success

    Implementing the best business strategies may seem obvious, but many brokers fail to take advantage of what works while discarding what doesn’t.

  • FSCO frustrated by unlawful advertising

    Too many unlicensed brokers and not enough resources has FSCO frustrated with the deluge of public complaints over illegal mortgage brokering advertisements.

  • FCAC fines bank $50,000

    The Financial Consumer Agency of Canada fined a bank $50,000 for failing to tell a borrower about changes to their mortgage payments.