Royal Bank news

  • Broker raises issue with RBC's points program

    It’s RBC’s points program – and not the recently announced $1,000 cash incentive for realtors who refer clients for a mortgage – that one broker has an issue with.

  • Brokers in major markets in tough?

    Mortgage brokers in Toronto and Vancouver may have to start getting more creative with lead generation, with recent stats suggesting affordability in these two markets is eroding.

  • Daily Market Update

    As analysts crunch the numbers from this week’s RBC affordability report a star is emerging…. Why the bank is flashing the cash at realtors and why retailers are studying the suburbs….

  • Daily Market Update

    Affordability issues on the horizon but ‘no threat yet’ says bank … consumer confidence drops in Ontario ahead of election … One province's tax system baffles developer

  • Brokers aren't convinced by big bank offering

    Brokers aren’t buying what one big bank is selling. But customers may be.

  • No such thing as 'employee pricing' mortgages?

    The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.

  • RBC offers ‘employee pricing’ mortgages

    The Royal Bank of Canada is taking a page from auto dealers by offering “employee pricing” to home buyers, reports The Financial Post.

  • Rate hike expected to affect affordability in many markets

    In its latest housing affordability report, the Royal Bank of Canada predicts interest rates will soon rise; putting housing affordability in many markets across the country in jeopardy. Should brokers expect an influx of business in the short-term?

  • Senator's alleged mortgage fraud offers cautionary note for brokers

    Newly released court documents -- alleging a former senator committed mortgage fraud on a home he billed Senate expenses for -- serve as a cautionary tale for brokers.

  • Unlicensed broker charged with 18 offenses

    Glenn Whitter is alleged by FSCO to have used online dating to borrow and lend on real estate properties without a license and faces nine counts of dealing in mortgages without a broker license, totalling 18 charges under Ontario's Mortgage Brokerages, Lenders and Administrators Act, 2006.