Author Archive

Author Archive

Elan Weintraub Quoted in The Globe and Mail – Liberals’ proposed cut to federal mortgage insurance rates won’t make housing more affordable, experts say

Posted on August 28th, 2021 by Shawn Stillman

https://www.theglobeandmail.com/business/article-liberals-proposed-cut-to-federal-mortgage-insurance-rates-wont-make/ A Liberal Party promise to cut federal mortgage insurance rates by 25 per cent is unlikely to make housing more affordable, but will increase risks for taxpayers, industry experts say. The proposed cut to the cost of Canada Mortgage and Housing Corp. (CMHC) insurance is one of a number of election campaign promises announced […]

Michelle Farrugia and Shabnam Gill – CMP Rising Stars 2021

Posted on July 26th, 2021 by Shawn Stillman

https://www.mpamag.com/ca/best-in-mortgage/rankings/rising-stars-2021/288849 THE LEADERS OF TOMORROW CMP spotlights 63 up-and-coming young professionals who are making waves in the Canadian mortgage industry. Starting out in the mortgage industry can be daunting for young professionals at the best of times. While potentially hugely rewarding, the industry can also be intense and demanding, with an often-heavy work-load and a […]

Shawn Stillman Quoted on Mortgage Broker News – Is the housing market slowing down?

Posted on June 21st, 2021 by Shawn Stillman

https://www.mpamag.com/ca/news/general/is-the-housing-market-slowing-down/287535 Speaking with Mortgage Broker News, Shawn Stillman (pictured), principal broker and co-founder at Mortgage Outlet, said that an eventual cooling off in the market was inevitable, with prospective homebuyers repeatedly frozen out in the hyperactive bidding process. “What I think is happening is that buyers have gotten frustrated with the market because they were […]

Shabnam Gill Winner Canadian Mortgage Award – Young Achiever of the Year

Posted on April 28th, 2021 by Shawn Stillman

https://canadianmortgageawards.com/winners-finalists/2021#s For 15 years now, the annual Canadian Mortgage Awards (CMAs) has been recognized as the leading independent awards program in the mortgage industry. The awards showcase the leading brokers, brokerages, lenders, BDMs, underwriters and service providers for their outstanding achievements, best practices and leadership in the mortgage business over the past 12 months. We’re […]

Shawn Stillman and Phil Cragg – Top 75 Brokers in Canada

Posted on April 5th, 2021 by Shawn Stillman

https://www.mpamag.com/ca/best-in-mortgage/top-75-brokers-2021/309438 In 2020, the mortgage industry was as stunned as any by the onset of the COVID-19 pandemic, which heralded arguably the greatest professional adjustment that brokers have ever faced: the shutdown of offices and temporary end of face-to-face meetings, as well as profound turmoil in a market where the job security of countless Canadians […]

Elan Weintraub Quoted in the Globe and Mail – Thinking about buying a second property? Here’s how to finance it

Posted on March 12th, 2021 by Shawn Stillman

  https://www.theglobeandmail.com/featured-reports/article-thinking-about-buying-a-second-property-heres-how-to-finance-it/ “The goal is to unlock the equity in your home,” says Elan Weintraub, co-founder and mortgage broker at Mortgageoutlet.ca. There are many issues and strategies to consider with this kind of financing, Mr. Weintraub says, depending on your real estate status and objectives. Ways to finance a second property Often the best option […]

For the 5th consecutive year Mortgage Outlet is one of Canada’s top independent brokerages

Posted on March 11th, 2021 by Shawn Stillman

https://www.mortgagebrokernews.ca/special-reports/top-independent-brokerages-2021-353552.aspx For Elan Weintraub, director and broker at five-time Top Independent Brokerage Mortgage Outlet, freedom from network influence means more leverage in attracting and retaining quality staff. “We can make decisions quickly, without a sign-off from a mothership,” Weintraub says, citing as an example Mortgage Outlet’s decision to not charge new agents desk or franchise […]

Shawn Stillman Quoted on Mortgage Broker News – Number of high-value mortgages spikes in Toronto

Posted on February 6th, 2021 by Shawn Stillman

  https://www.mortgagebrokernews.ca/news/number-of-highvalue-mortgages-spikes-in-toronto-337501.aspx According to Shawn Stillman, principal broker at Mortgage Outlet, a potent driver of this development was the work-from-home revolution, which pushed down household costs significantly. The prevailing environment of record-low rates and the federal government’s financial assistance programs also significantly boosted the general public’s purchasing power. “People are still looking around and have […]

Christelle Mwamba Quoted on Mortgage Broker News – The power of referrals

Posted on December 18th, 2020 by Shawn Stillman

  https://www.mortgagebrokernews.ca/people/the-power-of-referrals-335791.aspx Christelle Mwamba is a wealth of knowledge. She’s spent the past decade working with financial advisors and high-net-worth clients looking to grow their real estate investment portfolios, finding creative solutions and relying on strong lender relationships to get deals done. “With self-employed clients, a lot of their money stays within their business, so […]

Shawn Stillman Quoted on Toronto Stories – Million-Dollar Mortgages in Toronto the New Norm Amid Pandemic: Report

Posted on December 5th, 2020 by Shawn Stillman

  https://torontostoreys.com/million-dollar-mortgages-toronto-lowestrates/ Shawn Stillman, principal broker at Mortgage Outlet, told LowestRates he’s now seeing larger mortgages in the GTA than he did before the pandemic. “Up until this year, mortgages of $1 million or more have been rare,” said Stillman. In the 10 years Stillman has been a mortgage broker, he told LowestRates he’s done […]