Royal Bank of Canada boosted its first-quarter net income by 24 per cent to $3.03 billion
The American housing crisis during the recession was exacerbated by struggling homeowners who walked away from mortgages leaving banks and mortgage lenders with huge losses.
The latest edition of the BMO Blue Book shows how Canada’s economic landscape is shifting due to the lower oil prices and the loonie.
Canada’s Trez Capital Senior Mortgage Investment Corporation has reported strong first quarter results for 2015 despite a slight dip in revenue.
The number of insolvent seniors in Canada grew to 30 per cent of all bankruptcies in 2013-14, a rise of 3 percentage points from the previous two year period.
Non-bank mortgage lender Atrium Mortgage Investment Corporation has announced that its monthly dividend for May will be 7 cents per common share.
One former banker – and current broker – believes recent changes at RBC will sway more clients to choose brokers over the banks.
Canada is expected to draw 260,000-285,000 immigrants this year – a huge potential market for brokers to fund alternative deals; four experts in that space share their tips on better penetrating this market.
Industry association launches year-long advertising campaign focusing on drawing attention to the industry.
Canada’s largest private mortgage insurer is watching closely for signs of risk in the Alberta housing market.
The federal Finance Department has looked back to the 1980s as it predicts the future for Alberta’s housing market.