Scotia news

  • Brokers poised to win bank business?

    Banks may be feeling the pinch just as much as the monolines following numerous lending changes, and this just opens the door for brokers to swoop in and win business, says one professional.

  • Banks confident of mortgage growth

    Three of the big six banks have reported their earnings so far and all have shown growth in their mortgage books.

  • Affordable housing faces opposition in Nova Scotia

    A plan to create extra affordable housing in part of Nova Scotia is under threat from those opposed to greater housing density.

  • Hot summer continues for brokers across Canada

    According to CREA’s monthly national statistics sales edged up less than one per cent from June to July, continuing a trend begun in spring.

  • Daily Market Update

    ​Building permit applications increase but mainly for non-residential… Experts say more data is needed to make accurate predictions for the market… And investment manager says we are in a bubble.

  • Daily Market Update

    New insights into who owns condo investments expected next month… Bank of Canada says REITS may be a better choice than condos for investors… Fracking should be delayed says Nova Scotia university president… And which Canadian city ranks among the world’s richest?

  • Daily Market Update

    Vancouver builders suffer a permit backlog… Dream homes in Nova Scotia could be the bargain you’re looking for… Neighborhoods without amenities bad news for residents… Toronto rents fall, for now… And Canmore sales surge as confidence returns to Alberta…

  • Bank denies mortgage life insurance claim

    Brokers should warn clients of the potential pitfalls of mortgage life insurance, following one big bank’s negative press surrounding a claim denial.

  • Daily Market Update

    Stats Canada report shows increase in building permits, especially in BC while Nova Scotia slips back… High end property is booming… Could Chinese investment cause a real estate crash?… And why not everyone is content with construction…

  • Lender wait times: Banks vs. monolines

    When it comes to wait times are the monolines truly better than the banks?