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• Paul 2018-04-25 12:53:06 PM Great article and insight. Agreed. Sometimes a refinance makes sense, in order for somebody to switch a mortgage from one institution to another. A good example of where B20 fails is MCAP's two-charge "HELOC type" product, where they offer clients a LOC but register it as a second mortgage. The average consumer doesn't typically realize they have two charges on title instead of one (or if they do realize, they don't understand the consequences of what they signed up for). This MCAP offering differs from most big bank HELOCs (that are 1-charge on title). If the first position mortgage is insured, the client can never transfer it to an insured mortgage elsewhere since the LOC is a second charge mortgage on title, blocking it from being transferred (unless the client pays out the HELOC with cash from saving and pays for the second charge to be removed). This same scenario applies to any big bank offering where they register a LOC in 2nd position behind a mortgage (instead of offering the client a HELOC). In the pre-B20 world, the two charge mortgage set-up could be an excellent offering for certain client situations. However, the federal government has limited consumer choice with certain aspects of B20 and put lenders and borrows in a less favourable situation with each other.

• Akash 2018-04-24 9:41:33 PM These awards are oscar awards of mortgage industry. I feel honored and i thank entire jury members for recognizing our efforts in doing quality business. Regards Akash Sharma

• Robert Perrier 2018-04-20 11:22:13 PM National Brokerage Netwrok of the year, DLC Yes, I am so proud being in this family!

• wiktor johnson 2018-04-20 7:13:26 AM I am greatful to have find your page about international mortgages. Thanks for sharing such a good article on the Internet. I did got good knowledge from here. International Mortgages also provided me the positive solutions for all types of customers. They are specialist in this services. Thank you.

• Blair Anderson 2018-04-19 11:57:14 AM Tanya, you are a great example of how a realtor should operate in these conditions. George should have qualified his statement by referring to those realtors who participate in this practice, the wrong way. Unfortunately, my suspicion is your approach is with the minority of realtors. The bigger picture, which I believe this article was trying to communicate, is that our industry would be better served if the practice of banks paying referrals fees to agents was dropped altogether. As Jason Zukerman aptly pointed out, the ill-conceived practice is preventing a much better relationship from reaching its full potential, between the mortgage agent and the realtor. And who believes this practice is exclusive to Quebec? This kind of legislation (Bill 141) should be introduced on a federal level, affecting the whole country. Congratulations Quebec!