Compression challenges industry investment, says national brokerage head
Vancouver – The ability of Canada’s largest broker networks to lead the way through an increasingly murky market may be challenged by growing "compression," TMG partner Grant Thomas told brokers at the CAAMP Forum Monday.
First-timer bonus helps -- not hurts -- some brokers
A government bonus for new homebuyers – tied to new construction purchases – has worried B.C. brokers, but has ultimately proven “harmless,” say some industry players
Brokers: More mortgage rule changes may be necessary
A surprising number of brokers are echoing the sentiments of a leading bank economist, suggesting the government would and should ratchet down mortgage rules yet again – but only if consumer debt levels creep back up and only if they’re phased in.
Broker: Gov't has left the refi building
New quarterly financials from CMHC are confirming the fears of many brokers, worried the government’s latest mortgage rule changes effectively signalled its exit from the refinance business, now down 40 per cent and expected to stay there.
CMP Top 50 Brokers list announced
2010 was a good year for Canadian mortgage professionals. Just check the numbers.
Coast Capital answers broker concerns about access
A lender increasingly considered Vancouver’s rate leader is addressing broker concerns around access – in a number of cases only being won through co-brokering.
Broker: Don't rule out more mortgage rule changes
A leading B.C. broker is suggesting it would fall to the government to again tighten mortgage rules in order to limit the number of at-risk Canadians taking on new housing debt, arguing the Central Bank’s hands are effectively tied.
One for all and all for one
With a philosophy built around its award-winning customer service, Averbach Mortgages in Vancouver builds its business one mortgage client at a time
Brokers: banks now eating penalties to retain clients
There’s competition and then there’s competition with the Big Five, as a handful of Vancouver brokers point to banks and, even, credit unions now willing to eat their own substantial penalties in order to keep clients from going over to the broker channel.
Brokers welcome freeze on mortgage rule changes
Finance Minister Jim Flaherty is offering brokers a respite from any new mortgage rule changes like those introduced in March, suggesting he’s happy with slowing demand stemming from those spring amendments.