Latest news

  • Brokers: Keep Emili

    Any move away from automated valuation – and toward appraisers – could hurt clients, say brokers, anticipating fallout from a media report suggesting CMHC’s system inflates home prices.

  • Market growth beats naysayers

    The unsinkable Canadian real estate market appears to be just that, with new numbers pointing to continuing price growth in the country’s biggest market, despite fears of a correction.

  • Unsecured credit card raises concerns

    It’s one way to diversify revenue in a slowing market, but the idea brokers will soon be helping clients into unsecured credit cards isn’t sitting well with some industry observers, suggesting it runs counter to their primary mandate.

  • Brokers: All monolines must adopt penalty disclosure rules

    The big banks have now moved to post information on their websites about how exactly they calculate prepayment penalties, with brokers concerned some monolines will ultimately fail to follow suit.

  • CIBC borrows page from broker handbook

    CIBC is hoping a bump-up in its weekend hours will help fill the void left by mortgage brokers with the bank's decision to close FirstLine.

  • Housings starts fall ... with condo demand

    It's another sign that times are changing for mortgage brokers, with Canada’s condo boom finally starting to slow as housing starts fall in line with demand.

  • Brokers fear more compensation cuts

    Mortgage professionals are worried First National's compensation cut will see other lenders follow suit or -- what's even more sinister -- adjust their interest rates to force broker buydowns.

  • Murphy: Gov't may have jumped the gun

    The one-two punch of this summer's mortgage rule and guideline changes may overwhelm the housing market, the president of CAAMP said during a national TV broadcast this week.

  • Brokers win unsecured credit card program

    Brokers are gaining an extra revenue stream with an unsecured credit card program Dominion Lending Centres is ready to drop next month, according to the mortgage broker network.

  • Brokers fight bank-controlled complaint system

    Brokers are watching closely whether the government will allow Canadian banks to opt out of a federal arbitration system tracking and investigating systemic consumer problems.