Brokers applaud ATB rate move
Alberta lender ATB Financial has ended its practice of discounting posted rates – welcomed news for brokers who view artificially high rates as confusing for clients.
Victoria market recovering after a brutal 2012
Vancouver Island brokers vividly remember the wasteland that was the mortgage landscape in Victoria, following the tightening of the amortization rules in July of 2012 – the summer of damage control.
Mortgage pie keeps getting smaller: brokers
The announcement Mortgage Architects has now acquired Argentum is strong indication the mortgage pie is getting smaller, and more mergers and acquisitions are on the horizon, say brokers.
Real estate regulations a model for mortgage sector, says broker
Ontario’s mortgage broker act could take a clue from the real estate sector, suggest brokers, who feel beefing up licensing requirements and improving enforcement can only benefit them.
PropertyGuys.com mixing realty and mortgages
A leading for-sale-by-owner realty has announced new franchises in the Vancouver Delta specifically focused on leveraging the power of existing mortgage businesses.
Loyalty agreements 'embarrassing' for brokers
There is more talk of loyalty and exclusivity agreements in the channel – but most mortgage brokers refuse to handcuff clients with a piece of legal paper, and doubt it will become common practice.
Could higher rates have same effect here?
Brokers doubt higher interest rates here will have the same effect as in the U.S., where potential homebuyers are backing off in greater numbers.
The real threat to market recovery
Recent real estate numbers show a stabilizing market in Toronto and Vancouver, but one broker wonders if this recovery can sustain itself in the face of rising rates, and, more especially, OSFI’s tighter guidelines.
One year later: Marking Flaherty’s mortgage rule changes
Happy anniversary? It’s been a year since the mortgage rule changes took effect, and brokers have felt the impact not only on their business, but especially their clients.
Penalty protection paying dividends for brokerage
One successful brokerage has found a way to attract new clients without cutting into commissions, but by help clients eliminate risk.