Refi changes come home to roost
A new report identifying a spike in consumer loans may be the strongest indication refinance rules are forcing Canadians into higher-interest borrowing.
Brokerage expands footprint as market slows
All brokerages should have this problem, with True North Mortgage pointing to business growth as the reason for opening its third location in Calgary, and, indeed, its ninth nationwide.
BoC Hints at Longer Wait for Rate Hike
In a move anticipated by most analysts, The Bank of Canada announced today that the overnight rate will remain at 1 per cent, suggesting it – along with variable rates -- won’t rise anytime soon.
Waiting list for rate site grows
At least one leading rate site is pointing to growth in the number of brokers now on its waiting list, suggesting a slowing market is partly responsible for the increase.
Another 10-bps elevation
Yet another channel lender is beefing up its compensation for brokers as the market slows and the race to win ING brokers heats up.
Here's one way to boost team morale
If a CMA award can lift the profile of even the highest flying brokerage, it may have even more of an effect on its morale, says one of last year’s buoyant winners
Challenges ahead for commercial brokers
Residential brokers inclined to envy their commercial counterparts don’t: An increasingly meagre supply of properties will likely translate into fewer deals for them in 2013, outside of the harder-to-come-by new builds.
Want 10 bps more?
Brokers sure could use a little good news today, and MCAP -- with an extra 10 basis points in hand -- aims to provide it.
Ready, set, go, would-be brokers!
CAAMP will bring revamped broker education to Ontario by the end of February, announcing it has opened registration for the course it now takes over from a competing provider.
Luxton: We're 'commited' to help workers transition
ING Direct – and, indeed, Scotia -- is actively working to find placements within the two organizations for workers affected by the coming exit, says an exec now deluged with broker well-wishes.