National Bank news

  • 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.

  • Repeat performances mark Canadian Mortgage Awards

    The success of the annual CMP Canadian Mortgage Awards roared across Toronto’s Liberty Grand Friday with over 600 attendees recognizing the industry’s top players – among them an unprecedented number of repeat winners.

  • Lender support finalists announced

    Talented lender support can mean the difference between funding a deal for a client and not. And with that in mind, CMP has released the finalists for the best lender BDM of the year and best lender underwriter of the year.

  • Newcomers to be honoured at CMAs

    The mortgage broker industry has its fair share of regular faces; the old guard who have been leaders for years. Each year, however, a new crop of up-and-coming, ambitious professionals emerge and some of them will take home Canadian Mortgage Awards for their efforts. These are our finalists in a number of “newcomer” categories.