Scotia news

  • Daily Market Update

    Another record breaking month for Calgary’s luxury market... Canadian consumer confidence at lowest point in almost a year... Ottawa opens up the mysteries of pre-planning meetings... and Scotiabank do the right thing for military vet.

  • Spring market heats up

    Brokers in 80 per cent of Canada's markets likely experienced a recent surge in business as sales continued to heat up with the weather.

  • Daily Market Update

    Hot housing market increasing inequality says OECD…. Rents high, vacancies low says CMHC report…. Analysts do not think we’re in real danger of a market crash… and what adds $1000 to the cost of a new home?

  • Major market continues to boom but can it last forever?

    One of Canada’s hottest housing markets reported another year-over-year sales and price increase in May.

  • Banks have A-business cornered?

    Another big bank has joined the ranks of lenders offering a sub-three per cent five-year fixed rate; signalling the growing importance of alternative lending to the mortgage broker industry, according to one player.

  • Daily Market Update

    Could the Bank of Canada actually CUT rates? …. Calgary sets new records… and should rules on condo ownership be standardized ?

  • Brokers must 'outsmart' banks

    The key is to “outsmart” the big banks, according to one broker, following one institution’s ad campaign plugging its lowest five-year fixed rate in recent memory.

  • Rate war reignited; brokers not intimidated

    ScotiaBank is the latest lender to offer a sub-three per cent mortgage rate but one broker doesn’t feel threatened by the latest offering; even though he does realize it will bring in a fair amount of business for the big bank.

  • Daily Market Update

    Another shake up in mortgage rates, with a new low in 5 year fixed deals…. Stats Canada reveal 2011 Census data…. And why Toronto developers have rushed to secure building permits….

  • Soft gains made in April: CREA

    Overall, eight provinces saw year-over-year sales drops in April 2014 but big gains in two major softened the blow for the rest of the country.