Latest news

  • Big bank turns to lender for underwriting support

    First National announced Wednesday it has struck a deal with Toronto Dominion (TD) Bank to provide underwriting and fulfillment processing for mortgages originated by the big bank through the mortgage broker channel.

  • Daily Market Update

    Yesterday’s BoC report comes with some concerns… Saskatchewan realtors have optimism for the province… Sleepy town grows into popular city… and $26 million buys you a house to teardown…

  • 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 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.