A bank has already urged the new finance head to rein in the housing market, and one broker – perhaps surprisingly – thinks it may not be such a bad idea
A growing segment of the population represents a boon in business for brokers as the economy continues to sputter
Things can be tricky come time to secure mortgage financing for self-employed clients, but that segment represent almost one in five Canadians borrowers and unlimited potential for broker business
TV commercials and bus stop bench signs haven’t gone the way of the dinosaur, but social media is proving to be a much richer vein to mine for brokers and lenders looking to promote the business
Falling home prices are causing issues for clients looking to refi in a market more accustomed to price hikes
The industry is applauding Stephen Harper’s pledge to collect foreign ownership figures for Canadian real estate – and brokers argue that data should lead to restrictions
Home Trust’s acquisition of a Schedule I bank may signal the return of the old glory days for brokers who yearn for more-competitive rates
Brokers currently operating Canadian First Financial Centres believe Home Capital’s acquisition of the schedule I bank will help them better compete with the big banks
Broker networks are recognizing that online engagement is resonating with clients, with a focus on creating personal relationships – and they are becoming more proactive in that engagement.
When was the last time you popped in to your local real estate office and explained the niceties of prepping potential homebuyers for alternative lending? For one broker, it is a chat that can not only build relationships, but a book of clients.