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Pervasive sales culture at Canadian banks positions system against its clients

There may be a higher risk of Canadians being sold unsuitable products, and banks are not doing enough to prevent that from happening

United kingdomKathy bevanJason pereiraAndrew garasKendra thompsonScott plaskettKelly rodgersPeter bethlenfalvyBonnie lysykLouis morissetJason heathJane bolstadAndrew teasdaleOntario securities commissionRoyal bankFinancial consumer agency of canada

Troubled Calgary builder leaves Edmonton homebuyers with mortgages to pay on unfinished homes

Multiple people who bought new home builds in Edmonton more than a year ago from the same Calgary builder, 3volution Homes Group, say construction has stalled but they’re on the hook for mortgage payments.

Fort saskatchewanKelli flynnCarmela duranteJosh burletonIkechukwu okaforAndrew garasIfeanyi daniels akunekweMary ann thurberMichael francoeurHans aladejebiGodfrey kineehOlamide omotoshoScott pattisonRoberto noceHomes groupMillennium insurance corporation

Banks seek workarounds to avoid mortgage default for struggling variable-rate borrowers

About 50% of borrowers with variable-rate, fixed-payment mortgages have hit the trigger rate, where monthly payments may rise. Find out more

Avery shenfeldRobert mclisterAlexandre guayPaul holdenAndrew garasCarolyn rogersDan eisnerCarole saindonNational bankDominion bankPostmedia network incHousing corporationOffice of the superintendent financial institutionsPostmedia networkStreet eastTrue north mortgage

Banks seek mortgage workarounds for stressed variable-rate borrowers

About 50% of borrowers with variable-rate, fixed-payment mortgages have hit the trigger rate, where monthly payments may rise. Find out more

Avery shenfeldRobert mclisterAlexandre guayPaul holdenAndrew garasCarolyn rogersDan eisnerCarole saindonNational bankDominion bankPostmedia network incHousing corporationOffice of the superintendent financial institutionsPostmedia networkStreet eastTrue north mortgage

Ontario man loses 500,000 Scotiabank credit card points

An Ontario man says he s frustrated with his bank after almost 500,000 of his travel points disappeared.

Puerto ricoJames carrAndrew garasScotiabank american express

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