Latest news

  • Flaherty 'happy' about slowing market

    Jim Flaherty’s reaction to a cooling real estate market may be the polar opposite of most brokers, with the finance head suggesting he’s “happy” about the slowdown.

  • CAAMP returns to Ottawa for talks

    CAAMP leadership will be talking to bureaucrats and politicians in Ottawa early next week in yet another effort to raise the red flag on tighter mortgage and lending regimes.

  • Brokers turn to buydowns in slow market

    One broker is getting candid about rate buy downs, offering 2.89 per cent on five-year fixed to any client who qualifies and arguing a slowing market has mandated the move.

  • Mortgage industry headed for national licensing: broker

    A seasoned broker foresees and, indeed, welcomes the mortgage industry’s move towards a national licensing regime, pointing to the development of a regulatory council.

  • Bank rate decision may slow switches

    A decision Tuesday to keep the Bank of Canada’s overnight rate steady – something expected to hold for all of 2013 – will likely slow switches for brokers.

  • CMHC: Brokers grow market share

    Ah, progress. Mortgage brokers grabbed a bigger share of the overall pie this year, according to the CMHC’s annual consumer market report.

  • Association beefs up membership

    The country’s newest mortgage broker association has spent its first few weeks beefing up membership rolls, setting an ambitious target for its fast approaching first quarter.

  • Broker points new way to new construction buyers

    Brokers looking for an in with clients “buying off the plan” should bypass the developer’s office and head straight to online homebuyer forums, said an Ottawa mortgage professional successfully using that detour.

  • Network head proposes recruitment code of conduct

    Some might call it a “poaching proclamation,” but the head of a national broker network is proposing a code of conduct dictating the way brokerages recruit professionals at other firms.

  • Alberta Invis-MI brokers react to reported rift with TD

    Alberta mortgage professionals with one of the country’s biggest broker networks say they’re hoping for a speedy resolution to an apparent dispute with TD, resulting in their restricted access to the lender.