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Inside DLC’s $58.5-million Filogix deal and what it means for brokers
Inside DLC’s $58.5-million Filogix deal and what it means for brokers DLC Group CEO Gary Mauris explains how the acquisition came together and responds to concerns about competition after two major mortgage submission platforms came under common ownership.
Dominion Lending Centres acquires Filogix for $58.5 million
Dominion Lending Centres acquires Filogix for $58.5 million The mortgage network says Filogix will remain operationally independent from its Velocity platform following the acquisition from Finastra.
HomeEquity Bank adds medical voice to the retirement-planning conversation
HomeEquity Bank adds medical voice to the retirement-planning conversation Geriatrician Dr. Samir Sinha joins the reverse mortgage provider in a newly created role focused on healthy aging and aging in place.
Northern home prices keep rising despite sharply different sales trends
Northern home prices keep rising despite sharply different sales trends Sales rebounded in Whitehorse and Yellowknife but declined further in Iqaluit, as limited supply kept upward pressure on prices across all three markets.
Fixing housing affordability could cost $1.7 trillion, economist says
Fixing housing affordability could cost $1.7 trillion, economist says Canada would need to roughly double investment in new residential construction over the next decade, potentially intensifying competition for capital and keeping borrowing costs higher.
Mortgage broker share rises to 38%, hits 48% among recent first-time buyers: MPC
Mortgage broker share rises to 38%, hits 48% among recent first-time buyers: MPC New MPC research finds broker use increased across buyer groups and regions in 2025, while more borrowers sought advice alongside competitive rates.
Former MIC operator pleads guilty in $5.3-million scheme
Former MIC operator pleads guilty in $5.3-million scheme The OSC says roughly 30 Ontario investors provided funds to Altmore Mortgage Investment Corporation believing the money would be invested in mortgages and other real estate-secured loans.
Why Canada’s reverse mortgage rates are falling
Why Canada’s reverse mortgage rates are falling Canada’s four reverse mortgage providers have cut rates within weeks of one another, reflecting lower institutional funding costs and growing competition for an expanding market.
EQB shares jump as Loblaw signals plans to increase stake
EQB shares jump as Loblaw signals plans to increase stake Shares of EQB Inc., the parent company of mortgage lender Equitable Bank, surged more than 9% Wednesday after Loblaw disclosed plans that could raise its ownership stake to nearly 25%.
Alternative lenders warn against one-size-fits-all non-bank regulation
Alternative lenders warn against one-size-fits-all non-bank regulation A new CAMLA position paper argues that regulated alternative lenders should not be grouped with private lenders, pointing to differences in governance, underwriting, oversight and arrears performance as regulators increase their focus on non-bank financial risk.