Should brokers thank CMHC?
Thanks, CMHC! The latest move by the Crown corporation has pushed a wave of fence-sitters into making purchases today fearing increased rates tomorrow, say brokers.
Brokers sweeten their benefits packages
In the hopes of holding onto their best employees, brokers are embracing more creative benefits packages. Those strategies are so creative, in some cases, they may just prompt an influx of job applications.
Which broker lender will feel the CMHC pinch?
Brokers are already positing their own theories on which lenders will be hardest hit by CMHC’s move to cap access to government guarantees for securitized mortgages.
Brokers ready for active August
Brokers expect August home sales to steal the fall market’s thunder as buyers look to move before a rise in interest rates – a trend July’s booming numbers highlight.
Glut of luxury condos in Toronto market
The $1-million cut-off on Canada Mortgage and Housing Corporation insurance may have hit the luxury condo market, with a glut of inventory in Toronto suggesting it will take 20 months to clear given current demand.
Bigger broker networks can compete with the big banks
One broker is hoping that the larger networks forming in the channel will speak loudly and carry a bigger stick – especially to level the playing field against the five big banks.
Selling mortgages to a culture that doesn’t understand the term
How do you sell a mortgage to a community of people who distrust banks and are unfamiliar with the concept of a mortgage? One Alberta broker has the answer.
Fighting rate by paying it forward
One Winnipeg mortgage broker is fighting the rate wars not by cutting into commissions, but by ‘paying it forward’ in $5 and $10 increments.
Tough year doesn’t diminish CMP Top 75 broker list
One Top 75 broker worked “harder and smarter” during what was a tough year in the channel – and did so without resorting to rate sites.
Hamilton brokers bask in housing boom
Hamilton mortgage brokers have been enjoying a blockbuster June, as that city has led Ontario in new housing with an impressive 65 per cent rise in starts.