Scotia news

  • Brokering 101 course gains traction in Halifax

    A course focused on teaching industry basics to new mortgage brokers in Nova Scotia has more than doubled its enrollment as the province faces growing pressure to attach an educational component to its licensing standards.

  • Broker of the Year finalists announced

    It’s going to be a special night April 29th for two brokers, as they will receive the honour of being named Mortgage Broker of the Year at the fifth annual Canadian Mortgage Awards.

  • BoC rate to reach two per cent by year end: RBC

    As part of its economic outlook for 2011, RBC projects that the Bank of Canada overnight rate will rise from one per cent to two per cent by year-end.

  • 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.