Royal Bank news

  • 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.

  • Another brokerage lands former bank bigwig

    Mortgage Alliance isn't the only brokerage to land a huge catch from the big bank pond, with another major player now reporting its own coup courtesy of RBC.

  • Affordability gap continues to grow

    The Royal Bank of Canada released its Housing Trends and Affordability report on Wednesday indicating slight deterioration of affordability across all Canadian regions; though not enough to create turmoil in the market.