Scotia news

  • Condo ownership on rise in Ontario cities

    The majority of first-time homebuyers in several large Ontario cities are moving into condominiums to avoid the high prices of single-family homes, a recent report has found.

  • Brokering in the east has its unique challenges

    A look at the mortgage market in Atlantic Canada and what the differences may be compared to other parts of the nation, by Heather Li

  • $12-million mortgage fraud uncovered in Calgary

    A $12-million mortgage fraud was discovered by police in Calgary that involved 22 homes and eight banks.

  • More Banks Lower Rates

    Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Laurentian Bank announced yesterday they're reducing mortgage rates

  • Nova Scotia companies to offer job loss mortgage insurance

    Canadian home buyers can opt for a little peace of mind with the introduction of job loss insurance coverage on mortgages by the Nova Scotia companies Fraser & Hoyt Benefits and Propel Insure.

  • Canada's big five banks post profits

    Canada's five biggest banks showed steady profit growth in the second quarter of 2010, to a total of $5.01 billion collectively. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the year when growth was starting to regain momentum on fewer bad loans and some pickup in mortgages.

  • Reforms will cause more mortgage securitization, Canadian banks warn

    Proposals on global financial reforms by an international committee are raising concerns among Canadian bankers that lenders will be forced to resort to more mortgage securitization, according to a report in the Financial Post.

  • MP Helena Guergis' mortgage under the microscope

    A weekend report in The Ottawa Citizen prompted questions about whether federal MP and Status of Women Minister Helena Guergis was given special privileges on her mortgage.

  • CMAs 2010: Nominees for Lender Underwriter categories

    The 2010 CMP Canadian Mortgage Awards are less than two months away -- here are the nominees for the CMHC award for Best Lender Underwriter and the award for Best Newcomer - Lender Underwriter.

  • CMAs 2010: Nominees for Lender BDM categories

    We'd like to introduce our popular vote campaign, where our readers will get to help choose the winners in eight categories through an online voting system. We're asking you to pick who you think deserves to win and the results will be given to the judges to help them make the final decision.