RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition. RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition. Mortgage Rates & Mortgage Broker News in Canada
BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts. BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year
BMO sees rise in loan losses, but says mortgage clients remain “resilient” Read More »
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients. Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients. Mortgage Rates & Mortgage Broker News in Canada
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals Read More »
The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end up reducing the overall number of homes on the market while only applying to a small number of properties. The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end
Real estate association economist doubts B.C.’s flipping tax is worth the trouble Read More »
The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget. The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget. Mortgage Rates & Mortgage Broker News in Canada
[[{“value”:”Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? National Bank of Canada thinks so.”}]] [[{“value”:”Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own
We could reach 2% inflation by this summer: National Bank Read More »
Contrary to skepticism, the Bank of Canada actually has a proven track record of successfully managing soft landings more often than not. Contrary to skepticism, the Bank of Canada actually has a proven track record of successfully managing soft landings more often than not. Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say. The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say. Mortgage Rates & Mortgage Broker News
Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say Read More »
Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don’t own their homes face the greatest financial pressures. Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto
Vancouver and Toronto renters lament quality of life more than homeowners: StatCan Read More »
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December. Mortgage Rates & Mortgage Broker News in Canada
CMHC reports annual pace of housing starts in January down 10% from December Read More »
