Royal Bank news

  • Broker hit with compliance order; FSCO warns RBC customers

    The Superintendent of Financial Services for FSCO has issued interim compliance and suspension orders against Ralph Iacono and Mortgage Lenders Ltd., and in a separate notice is also warning clients of Royal Bank not to purchase any products from Sentel Insurance.

  • RBC under fire for missing coverage

    A Harvey, N.B., man is asking Royal Bank – the same lender that refinanced his mortgage without a lawyer’s signoff – why his home burned to the ground without fire insurance.

  • RBC hike a sign; rate war is over: broker

    RBC’s announced rate hike Friday is a signal the big bank is laying down its weapon of choice at least for the time being, say brokers.

  • RBC pledges “no more outsourcing”

    RBC may just have zapped some of the selling power of brokers, with the big bank now promising to never outsource Canadian jobs to foreign workers solely to save money.

  • Restrictions, not affordability, hurting Vancouver, says broker

    According to a recent RBC Economics Research study, Vancouver remains the least affordable city in Canada to buy a home – something that isn’t stopping first-timers prepared to lower their expectations, says one broker.

  • Home ownership more affordable but channel sees little action

    Despite improving home ownership affordability nationwide, the new lending realities have put less Canadians families under a new roof, according to brokers.

  • Eroded housing affordability tests Vancouver broker

    Housing affordability concerns in the second quarter are helping explain a slower summer for brokers across much of the country, with an increasingly expensive Vancouver now at risk of a downturn, according to a new report.

  • There's still work to do

    Canadian Mortgage Award recipient Brian Matthey says the industry has come a long way, but that it still needs to raise the bar to ensure the Canadian public sees brokers as professionals

  • 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.