Latest news

  • Equitable Trust sees originations spike

    Equitable Trust experienced an originations rush in the second quarter, with new single-family mortgages up 65 per cent over the same period last year.

  • FirstLine BDMs to brokers: Thank you!

    Now-former BDMs for FirstLine are thanking brokers for an overwhelming show of support as they continue with job searches in an increasingly “iffy” market.

  • ING success validates broker model

    Brokers shouldn't despair over the potential loss of ING, but view its success as proof more upstart lenders will enter the channel to replace it, says one leading player.

  • All bets are on - Brokers anticipate survey results

    A dwindling number of lenders and the need for more competitive rates will emerge as the two greatest concerns for brokers, argue mortgage professionals anticipating the results of the industry's most influential survey.

  • Posted rates set to maximize IRD

    There’s a very good reason why some banks continue to advertise unusually high posted rates, argue some brokers, even as other lenders move to slash theirs to the point of precipitating a rate war.

  • Housing starts come to a halt

    A slowdown in Canada's real estate market may be closer than many brokers think, with housing starts falling more than expected for July and as a result of declining condo construction.

  • Bond yield poised to end rate wars

    There’s growing consensus the global economy and its effect on bond yields will put an end to the latest rate war – even before it really kicks in.

  • Brokers fear lender's ultimate departure

    They may be jumping the gun, but some brokers are suggesting if ING Direct Canada is sold off, its buyer will move to take it and its extensive broker-client book out of the channel.

  • Decade long slowdown for brokers: report

    A new bank report is suggesting mortgage brokers may be in for an extended slowdown in the real estate market.

  • Brokers fret about possible ING sale

    Mortgage brokers are worried that one of Canada’s big five banks might snap up ING Direct – its parent company now announcing the review of “strategic options” to sell the broker channel lender.