Today's report... •  Scotia tightens mortgage underwriting    (An important follow-up to yesterday's "rumour.") This & That * Mortgage payment inflation is back: New mortgage payments—assuming 20% down on the average home value—have rebounded almost $400 a month. That follows a 12.1% jump in

Further to yesterday's speculation about Scotia's loan-to-value policy changes, it turns out that rumour became fact quicker than expected. In a memo the bank sent out a few days ago—which we received Thursday—it announced that it was implementing the changes this week. (Banks don&

Today's reports... •  Glasslake brings unregulated U.S.-style financing to Canada •  Housing starts are simply inadequate (Click links above for stories) This & That