April 27, 2015   Robert McLister   338  If there were ever a time that the mortgage broker industry needed to come together, this is it. Our game is changing. Brokers have decent market share, but agent revenues per deal are dropping, and they may not stop dropping for the foreseeable future. On top of that, regulatory tightening is making it […]

 April 16, 2015   Guest Post   194  Angela Calla, AMP, Dominion Lending CentresSpecial to CMT When choosing between mortgages, knowing how different lenders calculate penalties can be essential. The market and your needs can easily shift during the term of your mortgage and the last thing you want is a painful penalty in order to get out early. […]

 April 15, 2015   Robert McLister   142  No rate cut surprises to report today. Canada’s key lending rate “remains appropriate,” said the Bank of Canada this morning. That’ll keep prime rate at 2.85% for now. The BoC’s economic commentary today was both grim and hopeful. The economy “stalled” in the first quarter, it admitted—thanks in part to the “oil-price shock.” Looking further […]

 April 8, 2015   Robert McLister   260    With 35-50% of home sales attributed to first-time buyers (depending on the year and survey), it’s vital for mortgage marketers and industry watchdogs to understand the traits and risks of this demographic. That includes understanding how well prepared young Canadians are to buy a home, and to handle rate hikes, price corrections and unemployment. […]

Posted on July 9, 2014 by The Super Broker    Most Canadians know it’s a better idea to stick to their budgets than get sucked into a bidding war, according to data from the Bank of Montreal. Figures from the BMO Home Buying Report, which polled 2,000 adult Canadians, show that only 28 percent of homebuyers are willing […]