Scotia news

  • 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.

  • Lender expands to Eastern Canada

    Brokers in Atlantic Canada may feel like they often get the short end of the stick but one mortgage company is banking on the area's mortgage business to help grow its own assets.

  • Bank joins forces with Canadian retailer

    Here’s a new incentive that brokers may not be able to compete with: one big bank will offer $500 cash back when customers take out a mortgage. In Canadian Tire money, that is.