Brokers beware: Home sales will get even slower this year, says forecast
Year-over-year price increases in key Canadian markets are concealing a significant slowdown in actual sales, according to a national price survey released Thursday. Unfortunately, for brokers, that trend, already identified by CMHC, is expected to continue in the second half of the year.
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.
Social media drives originations
Even as originations through Realtors and clients slow across much of the industry, brokers are actively developing leads and closing deals originating on Twitter, Facebook and other social media platforms.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
Broker Network of the Year finalists announced
This year’s Canadian Mortgage Awards will have some added excitement as the Mortgage Broker Network of the Year will be presented for the first time.
A Brave New World: How technology is changing the industry
While many have begun to move with technology as it drives businesses forward with new innovations and devices, others have dug in their heels, holding on to a nostalgic idea of an industry that once was. Increasingly, the days of paper applications and fax machines are nearing extinction, and for those who aren’t using today’s technology, they may be too. In this article, Shane Buckingham takes a look at how using the latest tools and technology has changed the industry as a whole and how it has helped those who’ve been able to capitalize on it
CMAs 2010: Nominees for Best Internet Presence
The 2010 CMP Canadian Mortgage Awards are less than two months away and we've just finished finalizing all the nominees. Each category will be posted online throughout the month of March (the full list will be published in the next issue of CMP), so be sure to check back often for the most up-to-date awards information.