Loyalty agreements 'embarrassing' for brokers
There is more talk of loyalty and exclusivity agreements in the channel – but most mortgage brokers refuse to handcuff clients with a piece of legal paper, and doubt it will become common practice.
Could higher rates have same effect here?
Brokers doubt higher interest rates here will have the same effect as in the U.S., where potential homebuyers are backing off in greater numbers.
The real threat to market recovery
Recent real estate numbers show a stabilizing market in Toronto and Vancouver, but one broker wonders if this recovery can sustain itself in the face of rising rates, and, more especially, OSFI’s tighter guidelines.
One year later: Marking Flaherty’s mortgage rule changes
Happy anniversary? It’s been a year since the mortgage rule changes took effect, and brokers have felt the impact not only on their business, but especially their clients.
Penalty protection paying dividends for brokerage
One successful brokerage has found a way to attract new clients without cutting into commissions, but by help clients eliminate risk.
Wish List 2020?
A leading B.C. broker is offering his educated take on what changes will come to the channel by 2020. Do you agree? Are you ready?
In-house referral partnership brings quality referrals
Brokers need to look beyond realtors when cultivating referral sources, says one broker, who is getting quality referrals from a financial planner.
Marijuana man losing mortgage a good lesson for clients, say brokers
A licensed medical marijuana grower who had his mortgage pulled by Scotiabank is a good lesson for clients who do unauthorized renovations, say brokers.
Last year’s top broker steps aside, wants someone else to win
This may be good news for some of you, but one of the more controversial and successful brokers in the channel has decided that he won’t put his name forward for CMP magazine’s Top 75 broker list this year – not because he doesn’t have the numbers, but because it would be like comparing apples to oranges.
Outgoing MBABC president Dreyer looks back, looks ahead
When Dreyer took the reins as president of the MBABC back in May of 2012, he told MortgageBrokerNews.ca that “it is imperative that our board work with these regulators and lenders to ensure the proposed policies create a strong economic environment for Canada while continuing to make home ownership accessible to all Canadians.”