Housing sales drop significantly in July
Canada's housing market may have peaked this year, as Vancouver and Calgary sales were down 45 and 42 per cent, respectively, compared to last July.
RBC cuts mortgage rates
The Royal Bank of Canada trimmed several of its rates on Thursday July 30.
First National Q2 financial results
Highlights included revenue increasing by 14 per cent to $104.6 million; mortgage originations declining by 9 per cent to $3.2 billion; and net income increasing to $56.4 million, a 36 per cent year-over-year increase.
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DLC signs Don Cherry for new fall TV ads
Dominion Lending Centres has signed on Canadian hockey commentator Don Cherry for its new TV commercials, launching September 2010.
CanEquity responds to broker concerns
Many readers of mortagebrokernews.ca have been e-mailing CanEquity accusing them of a bait and switch ...
Rate is higher but still historically low
Though the Bank of Canada raised its rate to 0.75 per cent on Tuesday, consumers may still have time to take advantage of lower waits since some banks wait days, even weeks, before raising their prime rates.
CanEquity says it's launched the lowest rate in Canada
CanEquity says it's offering the lowest mortgage rate in Canada, lower than its 3.81 per cent rate.
BoC raises benchmark interest rate to 0.75%
The Bank of Canada raised its benchmark interest rate by 25 basis points for the second time in two months, even as households and governments in the developed world continue to cut back on spending.
Chinese citizens take Canadian real estate tour
Thirty Chinese citizens are taking a $5,500 real-estate tour of Toronto and vancouver in August in hopes that they will spend at least half a million dollars on downtown condos during the 10-day visit.