Verico news

  • Vancouver brokers pinched by slump

    Brokers in the once-hot real estate market of Vancouver are now experiencing the chilling effects of the new mortgage rules and buyers sitting it out, hoping for already falling home prices to plunge even lower.

  • Cross selling bolsters client retention

    A broker now selling insurance to boost his product mix says it has also strengthened his hold on clients.

  • Brokers fear lender's ultimate departure

    They may be jumping the gun, but some brokers are suggesting if ING Direct Canada is sold off, its buyer will move to take it and its extensive broker-client book out of the channel.

  • Brokers fret about possible ING sale

    Mortgage brokers are worried that one of Canada’s big five banks might snap up ING Direct – its parent company now announcing the review of “strategic options” to sell the broker channel lender.

  • B.C. broker back for second season of Oprah reality show

    Lightening rarely strikes twice, unless you’re Vancouver mortgage broker Jessi Johnson, now invited back for the second season of an Oprah Winfrey reality show.

  • Brokers scramble to cash in FirstLine incentives

    With just 12 days until Firstline bows out of the industry, brokers are still waiting on an announcement from CIBC on the fate of their POINTS and basisPOINTS accounts, with many now scrambling to cash them in.

  • Cashbacks here to stay?

    Broker desperately clinging to cashback mortgage may not have to give them up after all with, provincial regulated monolines suggesting they'll continue to offer the product even as OSFI forces the banks it regulates to ditch it.

  • Veteran: Most brokers will accept CIBC offer

    Mortgage brokers are now voicing relatively favourable critiques of CIBC’s offer to buy their FirstLine BasisPOINTS, with at least one veteran going so far as to call it “a pretty good deal.”

  • Brokers anticipate Flaherty’s next move

    What will the government’s next move be if the new mortgage rules don’t result in a market slowdown? Brokers are taking some well-educated guesses.

  • Brokers face tight-er deadlines

    Forget July 9. Brokers may have considerably fewer days to get their applications in ahead of the government's start date for new mortgage rules.