Royal Bank news

  • RBC facing formal complaints from CAAMP members

    At least two CAAMP members have moved to initiate formal complaints against RBC, alleging the mega bank violated no less than three rules set out in the association's code of conduct.

  • Housing more affordable into 2011: RBC

    It’s becoming more affordable to own a home, according to the Royal Bank of Canada, but the high cost of ownership will continue to keep the market steady and contain price increases.

  • RBC decreases residential mortgage rates

    RBC Royal Bank announced that it is decreasing its residential mortgage rates effective November 9, 2010.

  • WEB EXCLUSIVE: Is the Canadian consumer overextended with debt?

    I grow weary of reading reports and surveys suggesting that consumer debt in Canada is a problem. Is it a problem or not? How do telephone surveys, which seem to occur daily, add to a situation that should be looked at from a numbers perspective?

  • Canada's major banks reduce mortgage rates again

    Five of Canada's major banks reduced many of their posted mortgage rates by one-tenth of a percentage point, effective today.

  • $12-million mortgage fraud uncovered in Calgary

    A $12-million mortgage fraud was discovered by police in Calgary that involved 22 homes and eight banks.

  • RBC cuts mortgage rates

    The Royal Bank of Canada trimmed several of its rates on Thursday July 30.

  • Banks granted mortgages to Vancouver grow-op

    Two of Canada's biggest banks have been accused of being "wilfully blind" in giving huge mortgages to a Vancouver man who allegedly used the property as a marijuana grow operation, reported the Financial Post yesterday.

  • Canada's big five banks post profits

    Canada's five biggest banks showed steady profit growth in the second quarter of 2010, to a total of $5.01 billion collectively. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the year when growth was starting to regain momentum on fewer bad loans and some pickup in mortgages.

  • RBC poll shows Canadians growing interest in combination mortgages

    Combination mortgages are rising in popularity among Canadians, with 40 per cent of those polled in RBC's 17th Annual Homeowners Survey saying if they were to purchase a home within the next couple of years, they would plan on taking out a combination mortgage, higher than the 32 per cent in 2009 who opted for combination mortgages.