Oct 24, 2018
Getting The Deal Done

By Lisa Gordon LOCATION, LOCATION, LOCATION. While it’s been called the first rule of real estate, it’s also a key consideration in a successful mortgage application. Depending on where a property is located, a mortgage broker might have to do a bit...

Features


What's New on BCBusiness

Oct 24, 2018
When Blood Becomes Thinner than Water
Rick Thibert

By Ray Basi, L.L.B., Staff, Education and Policy Review PROBLEMSometimes a client’s financial circumstances are insufficient to qualify for a mortgage needed to complete a desired real estate purchase. For example, the level of the client’s provable income, equity in the...

Oct 24, 2018
How to Build a Sellable Mortgage-Based Business
Rick Thibert

By Urma Mollema, Owner Ivy League Business Consulting Inc. MOST MORTGAGE BROKER entrepreneurs who start a business don’t initially think about selling it someday. An exit strategy is not something they think about while they are building their business base. As an...

Oct 24, 2018
Meet Nick Hamblin
Rick Thibert

By Lisa Gordon ASK ANYONE who’s dealt with Nick Hamblin, and they’ll say he is a tireless advocate for his clients. It’s a philosophy that dates back 25 years to his first industry-related job at a financial collections agency, and it carries...

Oct 23, 2018
Bank Employees are Not Mortgage Brokers
Rick Thibert

CMBA-BC wrote to the commissioner of the Financial Consumer Agency of Canada in August to ask the agency to consider the subject of bank mortgage specialists in their review of the retail sales practices of banks. In particular, we explained...

Oct 23, 2018
Causes and Solutions Are Easy to See
Rick Thibert

By Samantha Gale CANADIANS, particularly those in major urban centres, have been immersed in a debate about housing affordability woes for over two years now. However Canada, by many accounts, is a newcomer to this issue. This discussion is old news...

May 25, 2018
CMBA Member Views

IF IT AIN'T BROKE In March, the B.C. Ministry of Finance issued a set of proposals which could have far-reaching implications for mortgage broker licensing and regulation in B.C. The proposals appear to adopt the concept behind Ontario’s new Financial Services Regulatory Authority, commonly known as FSRA. Specifically, the proposals include...

May 25, 2018
2018 CMBA - BRITISH COLUMBIA Conference

The mortgage broker community in British Columbia is a strong and vibrant one, thanks in large part to the frequency of quality events focused on education, networking and building business relationships available to our members.The CMBA-BC Fundamentals Conference & Trade Show is the most significant annual gathering of this community.

May 25, 2018
2018 CMBA - ONTARIO Gala Trade Show & Conference

The 2018 CMBA Ontario Gala, Trade Show & Conference was a huge success. Congratulations to our award winners for all your hard work and accomplishments. A great big thank you goes to our sponsors and guests who attended; you made this such a memorable event. Enjoy the highlights and memories! ONTARIO CONFERENCE...

May 24, 2018
Education and Enforcement Reciprocity

The authority to regulate mortgage brokering within its borders lies with each province, not with the federal government. Many provinces have accordingly enacted unique regulatory structures, including legislation, regulations and regulators. Mortgage brokering, however, occurs across provincial borders. This raises a number of issues, including:n whether a province should recognize...

May 24, 2018
"When Time Is of the Essence"

Real estate transaction agreements often provide a deadline for something to be done, for example a time by which a property buyer must pay the purchase monies to the seller. They also often state that time is of the essence.When “time is of the essence,” it does not mean that...

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