Scotia news

  • Canadian housing shifts into low gear - Scotia

    Difficulty in getting credit and job loses have taken their toll on Canadian’s home purchasing desires, according to the Q2 Global Real Estate Trends report by Scotiabank.

  • Cashbacks here to stay...

    The clock may be ticking on bank-offered cashback, but the largest credit union in Ontario is now committing to offering 100 per cent financing until its regulator says otherwise.

  • ING's broker days numbered, says vet

    Brokers clinging to the notion that it will be business as usual with a Scotia-owned ING are facing certain disappointment because the popular discount banking brand is bound to disappear in Canada after 18 month, according to a seasoned mortgage professional.

  • Brokers: Scotia’s ING purchase benefits channel

    One of ING’s biggest broker partners is arguing against fears Scotia will compromise the smaller player’s independence.

  • Breaking news: Scotiabank to buy ING

    The gods may be listening to brokers with channel lender Scotia announcing it has reached a definitive agreement to purchase ING Direct Canada.

  • Scotiabank financials reveal condo exposure

    By the end of July, Scotiabank held $14 billion in condominium mortgages – half of that in the market economists most fear will suffer a correction.

  • TD matches RBC’s five-year fixed

    It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.

  • Fitch: tough times for mortgage lending

    Here’s one occasion when bad news for banks is likely just as bad for brokers. Despite a solid performance by the Big Six in the first half of 2012, an international credit rating agency suggests the entire mortgage market is in for a rough ride through to the end of the year.

  • RBC gives brokers a two-week lead

    Brokers won't have more than two week to take advantage of RBC’s move to bump up its discounted five-year-fixed by 20 bps, caution some industry players.

  • ING’s broker links could hamper sale

    As attractive as ING Direct Canada may be to prospective buyers, its use of brokers will likely deter the biggest of those suitors, according to one analyst.