DLC not worried by PQ victory
Who’s afraid of the Parti Quebecois? Certainly not Dominion Lending Centres. In fact, while speculation abounds that the PQ triumph could be bad for business, the broker network is projecting growth for its relatively new operation in the province.
Broker clarifies Toronto Star comment
A mortgage professional advising homebuyers to choose brokers doing 100 or more deals a year is now clarifying that comment published in the country`s largest newspaper.
The Big Story: Protecting clients from themselves
The new mortgage rules have clients juggling their monthly debt payments to qualify, but there's real danger in getting too creative, say brokers.
Market points to slowing preapproval conversions
Despite a cooling real estate market, the average home price in Canada reached a record high in July -- not exactly good news for brokers itching to convert preapprovals.
Turnaround times worry brokers
CMP’s upcoming Brokers on Lenders survey should highlight the growing concern brokers have about turnaround times, as they fight to retain a dwindling number of deals.
TD matches RBC’s five-year fixed
It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.
Correction: DLC claims 26 agents on Top 75
CMP correction: Dominion Lending Centres, in fact, claimed the largest number of brokers on this year’s Top 75
RBC gives brokers a two-week lead
Brokers won't have more than two week to take advantage of RBC’s move to bump up its discounted five-year-fixed by 20 bps, caution some industry players.
Fence-sitters in no rush to buy
Brokers are facing a growing number of pre-approvals as clients wait on a price correction, which, according to CMHC’s latest report, is unlikely to materialize.
Posted rates set to maximize IRD
There’s a very good reason why some banks continue to advertise unusually high posted rates, argue some brokers, even as other lenders move to slash theirs to the point of precipitating a rate war.