From the Press: What people are saying about the new mortgage rules
A day after Finance Minister Jim Flaherty announced three changes to mortgage rules in Canada, it appears the overall response from the financial community has been favourable; however, questions still remain, including whether clients must qualify at five-year posted rates or five-year discounted rates. Here's a roundup of what's being said in the press:
Bubble. What Bubble?
An industry report questioned whether or not Canada was in the midst of a real estate bubble. Melissa Kim asked some of last year's CMP Top 50 brokers to weigh in on the possibility.
Money now or later? The trailer fee debate
There are still only two Canadian lenders offering the trailer fee option, but that doesn't mean it's not being talked about. CMP checks in with brokers to see what they like and dislike about this form of payment
Mortgage Mentor adds rental financing tool to its line-up
The Vancouver-based software company Mortgage Mentor just announced the launch of its latest product, the Rentalsman, an interactive database of major Canadian lenders that provide rental and investment property financing.
CMP recently polled 14 national brokerages across Canada to uncover what they offer their brokers - everything from compensation to training to ancillary services. Here are the results.
Eye on the prize
While they may seem gimmicky, contests and giveaways, no matter how big or how small, can be an effective marketing tool to target new and existing clients. CMP looks at how to get the ball rolling
Small town charm, big team spirit
Donna Ramsay counts on the support of her tight-knit staff to run a small town mortgage business that sees many unconventional (and tricky) deals. Erin Letson looks at how she does it