Latest news

  • Assoc.: Good news from OSFI on the way

    It may be too early to break out the bubbly, but brokers – and indeed their nervous clients – appear poised to escape the most onerous of OSFI’s proposed changes, said the head of the industry’s largest association, pointing to recent discussions in Ottawa.

  • S&P puts Genworth under looking glass

    S&P may not be as bullish on the Canadian housing market as brokers, adjusting the rating for Genworth Canada to “stable” from “positive,” citing concerns about consumer debt loads, among others.

  • Broker channel consolidation underway

    Broker channel consolidation is again in play, with B2B Trust announcing it has signed an agreement to acquire Verico lending partner AGF Trust for a cash amount equivalent to its $242-million book.

  • Nat. Bank aims to grow road rep 'contribution'

    Brokers may represent too much of a good thing for National Bank, its president suggesting the lender will ease up on their use as it focuses on growing originations through, ahem, road reps and branches.

  • Brokers: BoC decision may embolden OSFI

    The Bank of Canada left the overnight rate unchanged at 1 per cent Tuesday, in the process suggesting a hike may not come anytime soon – something that could strengthen OSFI’s hand.

  • Suburbs drive Toronto housing market growth

    Toronto’s housing market continues to surge with sales, listings and prices all above last year’s totals, with a large share of that growth coming from the ‘905’ region, according the city’s real estate association.

  • Broker channel clinches 4 spots on Profit 200

    Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.

  • Rental suites lowering broker preapprovals

    A new report suggesting a quarter of B.C. homeowners rent out a portion of their home is offering a word to the wise for brokers looking to convert preapprovals.

  • Canada's best mortgage professionals honoured

    Westerners challenged Ontario dominance at the 2012 Canadian Mortgage Awards Friday, the industry celebrating that excellence in Roarin’ 20s style at Toronto’s historic Carlu.

  • Time for brokers to choose: Mortgage Summit panelists

    It’s a message that reverberated from one end of the Mortgage Summit to the next Thursday, with speaker after speaker calling on brokers to choose sides – are you focused on service or rates?