Toronto condo market carrying housing starts
Slumping February numbers for housing starts nationwide in no way reflected the spectacular growth shown in Toronto.
D+H: Lawsuit without merit
D+H is vigorously denying the allegations of a potential class action suit yet to prove it transmitted personal information to a creditor insurance provider without client consent.
Grow-op registry only alienates lenders
A bill to establish a marijuana grow operation and clandestine drug laboratory registry in Ontario will only stigmatize properties and punish consumers, says one mortgage agent.
Big lenders will follow BMO bandwagon
BMO’s posted 5-year-fixed rate of 2.99 is nothing new, says True North’s CEO Dan Eisner; still other major lenders will be quick to follow suit despite warnings from federal finance minister Jim Flaherty of a potential rate war.
Industry vet: Fraudster's sentence hurts brokers
Nova Scotia veteran Richard LeBlanc is upset that a convicted mortgage fraudster has been handed what he terms a slap on the wrist, a lenient sentence that threatens to tar all brokers with the same brush.
Assoc. prez: Federal regulation won’t 'turn' CUs
Mortgage brokers shouldn’t worry that credit unions opting for federal regulation will morph into big, bad banks, says the head of one industry association.
Brokers say “Thank you BMO”
BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers.
T.O. becomes North America's fourth-largest city
Data issued at a meeting of Toronto's Economic Development Committee may comfort brokers worried about sustainable mortgage demand, with Canada's largest city now overtaking Chicago as North America's fourth largest city.
MCAP feasts on FirstLine spoils
New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown.
Toronto brokers in tough
Brokers in Canada's largest market now have tangible proof of what they've long suspected, with the local Realtors association reporting a 15 per cent year-on-year decline in home sales for February, even as the average sales price rose 2 per cent over the same year-ago period.