Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
What’s the best mortgage for the first-time home buyer? + MORE Mar 28th
Image courtesy of ddpavumba / FreeDigitalPhotos.net
Q: I’m buying my first home—a starter home—that I plan to live in for the next five to seven years. How do I know which mortgage is right for me?
— Housing Newbie, Toronto
Answer from Robert McLister, mortgage planner with Ratesp.... More »
Trump Tower In Toronto Fails To Find Buyer Mar 7th
The sale of Toronto’s Trump Tower failed to attract a single bid from anyone except the lender that owns its debt, according to news reports.
Plagued by years of financial losses, the Trump International Hotel & Tower Toronto went into receivership last year, after defaulting on a C$260-milli.... More »
Regulator says B.C. mortgage brokers should disclose commissions + MORE Feb 15th
Brokers, who receive payment from lenders, argue disclosing those earnings to consumers will undermine confidence in the industry
.... More »
Mortgage Lenders Provide COVID-19 Update – Part 1 + MORE Apr 7th
In a recent panel discussion series hosted by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders provided updates on how COVID-19 has impacted their operations and shaped their outlook. The overwhelming message was one of positivity and resilience. Within a mat.... More »
Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »
Technology Resources & Competition
– canadianmortgagetrends.com
By Michael Beckette, Special to CMT Every year or so comes the promise of a new mortgage broker network. They’re launched by successful entrepreneurial brokers who band together to increase revenues, share resources and develop technology—all worthy objectives that deserve our attention and support. Innovation is their promise, and that’s important because innovation is inspiration that can breathe new life into virtually any industry. In Canada’s mortgage industry, innovation is not a new concept. As industry stakeholders, we’re keenly aware that resources must be developed to help entrepreneurial mortgage professionals build businesses with enduring value, not simply transactional businesses. We know READ MORE
Bully for the white-collar crackdown
– macleans.ca
(Mark Wilson/Getty Images)In early 2005, Martha Stewart was sitting in a prison camp in West Virginia, serving out her five-month sentence for lying about the sale of a few thousand shares in a biotech company. At the same time bankers, analysts, traders and mortgage underwriters at some of America’s largest financial institutions were deep into a shell game that would nearly bankrupt the global economy three years later. Looking back, it’s an interesting juxtaposition, because as we know now, Stewart (and, for a little Canadian content, Conrad Black) would be among the last prominent American corporate executives to be sent to the slammer for financial crimes.
To jail or not to jail, or more precisely, to pursue criminal charges or to just leave white-collar cases up to civil courts—where the likely outcome is a fine and no admission of wrongdoing—was a question the U.S. government would face a lot in the wake of Wall Street’s implosion in 2008-09. With federal prosecution of white-collar crimes at a 30-year low, the answer has overwhelmingly been to take a pass…
