The banking regulator's Assistant Superintendent, Tolga Yalkin just spoke at a C.D. Howe Institute event in Toronto. We wanted to pass along some of his quotes (highlighted below) straightaway...

In February, MLN covered a Bank of Canada-published study on how mortgage brokers "steer" customers into riskier loans because it is "more profitable" for the broker. (Here's that story) The paper even went so far as to suggest brokers should be better regulated to

The government of Canada just dropped its 2023 budget. Like last year, there were no major mortgage bombshells. Below is a quick rundown of the budget updates with lending relevance. Rate and inflation impact We haven't had a chance to dive deep into the inflation ramifications but suffice

A lot of mortgage brokers will be surprised it took this long. First Swiss, a private mortgage lender known for its seemingly insane high-fee, high-rate, 95%-LTV last-resort second mortgages, has gone belly up.   A receiver was appointed after the Financial Services Regulatory Authority of Ontario (FSRA) made a court