I attended IMBA’s annual Mortgage Broker conference yesterday. IMBA is Ontario’s Mortgage Broker association. It was a good conference but it seemed to be a smaller crowd than in years past…..a result of the recession, I’m sure.
Nevertheless, it’s a great place to see all the Lenders and industry businesses in one location. I noticed a lot of smaller lenders were popping up and that’s a great sign for Borrowers as more competition is always good.
There were also lenders capitalizing on the new Mortgage Rules as CMHC tightened their lending policies earlier this week…. The smaller lenders fill a growing void for Canadians that want to buy an investment property or are self-employed and cannot provide traditional income verification. These lenders also signal improved confidence in the Canadian real estate market.
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.