Latest news

  • T.O. becomes North America's fourth-largest city

    Data issued at a meeting of Toronto's Economic Development Committee may comfort brokers worried about sustainable mortgage demand, with Canada's largest city now overtaking Chicago as North America's fourth largest city.

  • MCAP feasts on FirstLine spoils

    New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown.

  • Toronto brokers in tough

    Brokers in Canada's largest market now have tangible proof of what they've long suspected, with the local Realtors association reporting a 15 per cent year-on-year decline in home sales for February, even as the average sales price rose 2 per cent over the same year-ago period.

  • Trailer fees require accountability

    Lenders need to be held accountable for trailer fee commissions, and CAAMP is the body that should do it, says one B.C. broker.

  • Big banks are abusing their power

    One leading broker is echoing Jim Flaherty’s concerns about bank irresponsibility, following BMO’s announced 2.99 rate on a 5-year-fixed mortgage Saturday, cautioning an abuse of the public trust.

  • Broker urges investment over trailer fees

    The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times.

  • Brokers back up rhetoric with business

    New market share numbers suggest brokers are backing up their rhetoric about preferring to use monolines over the big banks as never before.

  • New monolines: The little engines that could

    An explosive fourth quarter for two growing monolines suggests smaller non-bank lenders are increasingly the little engine that could.

  • FirstLine deals a blow to CIBC profits

    CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results.

  • Merix/Paradigm Quest wins new owner

    Controlling interest in Merix Financial has been sold to a large international equity firm, the lender’s CEO Boris Bozic told MortgageBrokerNews.ca, also sharing the news with employees Thursday.