Scotia news

  • Recession has upside … for brokers

    It may sound counterintuitive, but brokers are pointing to two key reasons why confirmation of a recession in the first half of 2015 will benefit them

  • Bank: No recession here

    Despite many reports to the contrary, one big bank is maintaining Canada is not in a recession – but the Bank of Canada may still move to slash rates

  • Mortgage industry scores with NHL promotion

    Mortgage lenders and brokers south of the border are following the lead of their Canadian counterparts in capitalizing on Canada’s national pastime

  • Economists take another jab at low rates

    Core inflation is nearing a seven-year high, but should that prompt the government to consider raising the overnight rate? Economists seem to think so

  • Renewed concerns about a big bank takeover

    A recent lender acquisition has renewed concerns that more amalgamation could be in store, and brokers fear it could be a big bank doing the buying

  • Players call for level playing field

    Big banks continue to undercut their own broker partners by offering proprietary mortgage products exclusively in-house

  • Association goes to bat for lenders

    One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.

  • Economist cautions BoC

    Speculation has begun to swirl prior to the next Bank of Canada rate meeting, with one economist vehemently arguing against further cuts.

  • Broker bested by big banks on certain deals

    One broker has lost a large chunk of business to the big banks, after his preferred lender started refusing to do one type of deal.

  • Broker calls for grow-op reform

    The government must clear up confusion about what is and isn’t a “grow-op,” warns a broker concerned healthy properties are getting pulled up with the weeds.