News

  • Condo craze drives up housing starts by | 09 May 2012

    Canadian builders are showing little fear of a slowdown, as housing starts last month hit their highest level nationally since September 2007, according to the federal housing agency. read more

  • Association prez goes another round by Vernon Clement Jones | 08 May 2012

    It may be a reflection of just how fluid times are for brokers, with the country’s largest provincial association extending the term of a sitting president by another 12 months. read more

  • High-ratio deals morph to conventional by Vernon Clement Jones | 08 May 2012

    Brokers focused exclusively on high-ratio A deals may be increasingly out of luck, with both mortgage insurers and analysts suggesting a large chunk of that business has already crossed over into other, more complex categories. read more

  • The great debate: collateral charge mortgages by | 04 May 2012

    Few products ignite broker debate like collateral charge mortgages. For Gord McCallum, who will be part of panel of industry leaders discussing the subject at the upcoming Mortgage Summit, the need for broker education on every facet of these complicated deals is key. read more

  • Vancouver becoming a buyer's market? by | 04 May 2012

    Vancouver seems to be headed towards becoming a buyer's market, as new listings are on the rise and sales decline. read more

  • Top 50 brokers turn teachers at the Mortgage Summit by CMP | 03 May 2012

    Niche brokering. It’s a lesson many mortgage professionals are anxious to learn and now there are five of the CMP Top 50 willing to teach it at this month’s Mortgage Summit. read more

  • 1 OSFI proposal likely DOA: insurer by Vernon Clement Jones | 03 May 2012

    The OSFI proposal limiting access to mortgages as Canadians march toward retirement is least likely to pass into “law,” the head of Genworth’s risk operations reassured brokers. read more

  • Single-detached home sales drive Toronto prices higher by | 03 May 2012

    Driven by single-detached homes, sales and prices in the Greater Toronto Area increased from April 2011 levels. read more

  • Lenders dangle carrots in drive for efficiency by CMP | 02 May 2012

    Brokers are increasingly being judged by the efficiency of their work and not just the funded volume of their labour, with two channel players formally updating reward programs to better reflect that metric. read more

  • Brokers ain't lying down for OSFI by Vernon Clement Jones | 02 May 2012

    The federal regulator threatening to overhaul the guidelines lenders and brokers work under is now in receipt of the channel’s most exhaustive response to those proposals -- in short, a list of what ain’t broke and don’t need to be fixed, say brokers. read more