Flahery Responds To Banks’ Comments

Posted on December 23/2010 by Mortgage For Less

Flahery responds to banks' comments | Thursday, 23 December 2010 While he still hasn’t ruled out tightening mortgage rules next year, Canadian Finance Minister Jim Flahery thinks it is up to banks and not government to slow lending as household debt continues to rise, aided by low interest rates. “The primary responsibility for prudence in lending practices rests with the financial institutions,” Flaherty told Bloomberg News on Tuesday in Ottawa.

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Bank Of Canada: Maintains Key Interest Rate At 1.0%

Posted on December 10/2010 by Mortgage For Less

OTTAWA (MNI) – By Courtney Tower – The Bank of Canada maintained its key policy rate at 1.0% Tuesday, as expected, and offered no hint that the next rate setting on January 18 would be any different.

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AGF Trust Expands Mortgage Broker Network

Posted on December 9/2010 by Mortgage For Less

AGF Trust Company has announced that it has entered into a licence agreement with VERICO Financial Group Inc. to offer borrowers a co-branded mortgage program.

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Merix To Further Enhance New Broker Portal In 2011

Posted on December 8/2010 by Mortgage For Less

Most mortgage agents have likely noticed Merix Financial’s enhanced broker portal, Explore 2.0, for deal tracking that was launched on Thursday November 25.

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