National Bank news

  • Win/win for big bank?

    Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.

  • Broker notices local trend

    One industry player on the front lines has confirmed what one economist has said about worrisome Canadian markets.

  • National Bank economist says housing market is a concern

    National Bank economist Marc Pinsonneault says that we should be concerned about the housing market but not the much-talked-about heat in Toronto and Vancouver.

  • Investors taking dangerous steps to get over five door rule

    Brokers advised an investor client – who closed two deals in one day -- to not disclose the second planned property purchase to the lender as a work-around for one lending rule.

  • ​Teranet-National report shows increase for 9th consecutive month

    The latest figures from Teranet-National Bank House Price Index exceeded the historic average for August, with a 0.8 per cent increase for repeat sales of single-family homes.

  • Daily Market Update

    CMHC figures support a soft landing… House prices up again in July, except in Winnipeg… Could we be about to see wooden skyscrapers?… And why 45-64 year olds are a ‘sandwich generation’?

  • Lender wait times: Banks vs. monolines

    When it comes to wait times are the monolines truly better than the banks?

  • Daily Market Update

    Three of Canada’s biggest financial institutions have released reports; the Bank of Montreal predicts a housing market slump in the next 5 years… the Bank of Canada says any crash would be devastating for the whole economy and the Teranet- National reports price rises in May….

  • Broker not threatened by big bank incentive

    Brokers may view RBC’s newly-minted mortgage incentive program – that offers realtors a bonus for referring first-time home buyers -- as a sign that the broker channel has the bank worried about market share.

  • Mortgage and real estate debrief

    There’s more evidence of an east-west divide in home prices as one city registers a double-figure hike year on year while others see a drop. A former shoe shop in Halifax is about to get a new spring in its step, and why one Canadian export is juggling with an overseas housing bubble.