Eisner eyes legal options
One of RateHub's largest broker clients is contemplating legal action against a former employee now tapped to head the rate site’s online brokerage, currently in development.
BoC holds rate target
Breaking news … just kidding. The Bank of Canada has, once again, announced it will maintain its target for the overnight rate at one per cent.
FSCO warns of mortgage fraudster
The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers and the brokerage community that Future Brokers and Lenders Inc. and its principal, Candace Thomson are not licensed as a mortgage originator or as a loan company.
Brokers react to RateHub announcement
RateHub.ca will join forces with an influential channel player to launch a new brokerage, with several brokers arguing the move is a betrayal.
Canada's three major markets lead the charge
The Canadian housing market continues to make up for lost ground due to slow sales in the beginning of the year, with the number of sales making a modest 0.8 per cent month-over-month jump from May to June.
Limited supply pushing prices up
Home buyers will have to prepare to shell-out or be left out as the limited supply of single-family puts further pressure on the market.
Daily Market Update
Global ratings agency warns that housing market here is over-valued by 20 per cent… Banks could be vulnerable in any housing crash… Consumers remain optimistic despite warnings… And office leasing sees some growth in Toronto…
Brokers criticize mortgage life insurance
Several broker joined the fracas to discuss their own issues with bank-offered mortgage life insurance, with many criticizing the high mark-ups and low payouts.
Wealthy Canadians choose to carry mortgage debt
Many high-net worth Canadians – those with investable assets of $500,000 or more – carry a mortgage as an investment strategy; despite 67 per cent of those polled having the cash available to pay them off in full, according to a recent Investors Group study.
New poll: What is the most important tool in your kit bag?
CMP contacted a number of brokers across the country and asked which tools have helped them grow and manage their businesses this year. Now it's time to have your say and tell us which one has been the most key in contributing to your own.