The major advantage for brokers following rate cuts?
Brokers have reported an increase in inquiries from clients since the Bank of Canada rate change, which has provided an opportunity for industry players to extoll the benefits of working with a mortgage broker – and explain the fine print on mortgage documents that many bankers may overlook.
Credit Union enters the rate war
As Canada’s five major banks announced prime-rate reduction for mortgages, Ontario’s largest credit union stepped up to deliver a cut of its own.
Brokers question banks’ refusal to match overnight rate
One big bank has offered an explanation for why its prime rate doesn’t match the Bank of Canada’s overnight rate, but brokers aren’t exactly sold.
Brokers discuss housing values
The ever-popular discussion about just how overvalued Canadian housing is has received its most gloomy prediction, which has sparked discussion about the accuracy of the methodology used to arrive at these figures.
Brokers applaud FSCO, but is it enough?
Brokers often call for more regulatory oversight to help weed out unethical professionals and one recent update from FSCO has been met with positive reactions. But some brokers believe more can be done in other areas of focus.
This one major broker gripe may be futile
A recent Bank of Canada announcement has dredged up an age-old debate but is it one that should finally be put to bed?
One area to look to for lucrative commercial deals
Brokers looking to crack into the commercial market may want to keep an eye on this one budding area in Canada where sales of commercial properties in excess of $5 million have surged, according to a recent report.
Banks to be more transparent with controversial product
A major broker gripe about a big bank mortgage policy has finally been addressed by Finance Minister Joe Oliver and more transparency about the practice is forthcoming.
Former bank employees find new home in broker industry
Former bank employees continue to flock to the mortgage broker industry, with the latest defectors finding a new home with Canada’s largest broker network after gaining experience with a rival network for a year.
Have your say: Do you do commercial business?
In an increasingly competitive segment we want to know what percentage of our readers currently fund commercial deals.