RBC and HSBC Archives - Mortgage Rates & Mortgage Broker News in Canada

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio

June 16, 2024 No Comments

While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges ‘pockets of stress’ among select borrowers.

Latest in mortgage news: nesto gains access to broker channel in exclusive deal with M3 Group

January 26, 2024 No Comments

Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.

Latest in mortgage news: Freeland approves RBC takeover of HSBC, with conditions

December 22, 2023 No Comments

RBC’s $13.5-billion acquisition of HSBC’s Canadian unit cleared its final hurdle after receiving approval from Chrystia Freeland, Deputy Prime Minister and Minister of Finance.

Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps

November 7, 2023 No Comments

Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields.

RBC makes a $13.5-billion bid for HSBC Canada

November 29, 2022 No Comments

Canada’s largest bank is planning to become even bigger with a $13.5-billion offer to purchase the Canadian banking arm of HSBC.

RBC and HSBC