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.
Are the monolines competing?
A number of the big banks have announced special fixed rate promotions and cuts to their prime lending rate, but what are monolines doing to ensure brokers have a competitive advantage?
No such thing as one-size fits all
Recent rate cuts to both prime and fixed mortgage rates will likely have clients considering both fixed and variable rates. Which one will prove to be the best option?
Calling trust in BoC into question
The biggest news wasn’t the rate cut; it was the way in which the central bank implemented it – and what it may signify for future interest rates, according to one industry leader.
Brokers discuss the future of rates
In what was described by one broker as “the most significant mortgage interest rate news in ten years,” the BoC’s surprise decision to axe its overnight rate target may have an unexpected effect on one type of mortgage product.
Brokers react to Coalition launch
Brokers across the channel are welcoming the development of a coalition of independent brokers as a way of further deepening the marketplace.
Brokers weigh in on market share drop
Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.
More layoffs to come?
Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.
Brokers applaud proposed move by lender
Brokers praise one industry player's dedication to the industry following a recent announcement that his institution is poised to make a big move.
Win/win for big bank?
Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.