2009/2010 CAAMP financials

The 2009/2010 financials for the Canadian Association of Accredited Mortgage Professionals (CAAMP) has been examined more closely by canadianmortgagetrends.com.

The 2009/2010 financials for the Canadian Association of Accredited Mortgage Professionals (CAAMP) has been examined more closely by canadianmortgagetrends.com.
 
The following are some highlights on CAAMP’s spending and revenue generation from the previous year:
 
-          Membership fee ($225 a year per member broker) revenue grew by 6.2 per cent
-          Salaries and benefits rose by 8 per cent
-          22 per cent more was spent on advertising and promotion
-          Last year’s national conference in Toronto made 15.5 per cent less revenue than Vancouver 2008, and was CAAMP’s biggest expense at $1.6 million
-          CAAMP’s earnings dropped about 28 per cent
-          Its assets rose 9.7 per cent to $4.3 million
 
CAAMP is a trade organization that’s mission is to support and further Canada’s mortgage industry. It advocates for its members on a number of issues, including brokers’ GST exemption to last April’s new mortgage rules.