Scotia news

  • 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.

  • No such thing as 'employee pricing' mortgages?

    The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.

  • Top independent brokerages take a bow

    Truly independent brokerages are an increasingly rare breed in the broker channel, with CMP now highlighting their accomplishments and, indeed, their tenacity.

  • Market on 'subdued trajectory'

    ScotiaBank delivered some less-than-optimistic news to mortgage brokers and those who depend on the housing industry for their livelihood.

  • Canadians paying off their mortgages

    A study released Tuesday, indicating a healthy mortgage industry, may stop Finance Minister Joe Oliver in his tracks

  • CREA updates forecast

    The Canadian Real Esate Assocation (CREA) updated its forecast for home sales in Canada Monday and the new data points to a very modest sales increase for 2014 and 2015; indicating brokers may have a tougher time funding deals in the next 24 months.

  • Broker frustrated by auditing double standard

    One broker is frustrated by what he perceives to be a double standard when it comes to how brokers are audited compared to their banking counterparts.

  • Slow start to 2014 for industry professionals

    As temperatures dropped in January so too did housing sales across the country as Canadians preferred to stay inside the warmth of home than to trudge through the snow to visit open houses.

  • The 2.99 per cent five-year fixed is back

    The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.