It was a busy week for FSCO and brokers are applauding the commission's efforts.
It’s about time, say brokers upon hearing the news that more transparency will be required of their major bank competitors going forward.
Rate discounting may be a necessity these days but many brokers are pushing back by drawing attention to the added value of advising clients about more than just rate.
Credit Unions are quickly gaining market share and favour among brokers with their competitive rates but industry players realize proper client disclosure is required.
One broker takes umbrage with what he feels is the Canadian government limiting the Canada Mortgage and Housing Corporation’s (CMHC) influence in the market following the crown corporation’s most recent restructuring.
Brokers are of two minds following Finance Minister Jim Flaherty’s announcement Tuesday that he is stepping down; some commend his initiatives while others are happy to see him go.
Brokers are divided on whether they feel Finance Minister Jim Flaherty stepping down would benefit the mortgage industry, despite the finance minister’s history of instituting unpopular mortgage measures meant to cool the market.
The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times.
Most brokers will opt to lump it rather than leave Scotia over its 5-basis point chop, argue some industry veterans, even as others call for a boycott.
One of ING’s biggest broker partners is arguing against fears Scotia will compromise the smaller player’s independence.