TORONTO - Royal Bank of Canada saw an uptick in demand for mortgages this fall as borrowers look to secure loans before tougher rules ? including a stress test ? take effect in the new year, one of the bank's executives says. Neil McLaughlin, RBC's head of personal and commercial banking, told analysts on its fourth-quarter earnings call there is a heightened awareness of the banking regulator's revised mortgage underwriting guidelines, which is ...
11-30-2017, 12:18 AM
RBC says mortgage demand up ahead of new rules
TORONTO - Royal Bank of Canada saw an uptick in demand for mortgages this fall as borrowers look to secure loans before tougher rules ? including a stress test ? take effect in the new year, one of the bank's executives says. Neil McLaughlin, RBC's head of personal and commercial banking, told analysts on its fourth-quarter earnings call there is a heightened awareness of the banking regulator's revised mortgage underwriting guidelines, which is ...
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