Financial regulator calls time on risky condo appraisals as housing slide deepens [Wealth Professional (Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
rbc.com/investorrelations/index.html
Company Research
Source: Wealth Professional
Condo lending has become a weak link in Canada's housing correction, just as the country posts some of the steepest home price and affordability declines among advanced economies. According to a Reuters Exclusive , the Office of the Superintendent of Financial Institutions (OSFI) warned bank executives in an October meeting that widespread use of “blanket appraisals” on condominium mortgages could breach a federal mortgage rule. Under the Bank Act, banks cannot issue uninsured mortgages that exceed 80 percent of a property's market value at the time of closing. Blanket appraisals let lenders rely on the property's value when the buyer signs the purchase agreement, not when the unit closes, and are often used to approve multiple units at once. In a falling market, that gap can push loan-to-value ratios above the legal limit. Reuters said it obtained the October meeting minutes through an access to information request. In that session, OSFI told banks that failure to follow
Show less
Read more
Impact Snapshot
Event Time:
RY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RY alerts
High impacting Royal Bank Of Canada news events
Weekly update
A roundup of the hottest topics
RY
News
- National Bank, CIBC commit to tracking key climate-financing measure [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- RBC says its focus on AI is paying dividends [Yahoo! Finance]Yahoo! Finance
- Too Exposed to U.S. Tech? Here's the TSX Stock I'd Add Today [Yahoo! Finance Canada]Yahoo! Finance Canada
- This advisor says being independent, yet still part of a team, is her best career decision [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Beazer Homes Announces Expansion of Revolving Credit Facility to $525 million [Yahoo! Finance]Yahoo! Finance
RY
Earnings
- 2/26/26 - Beat
RY
Sec Filings
- 3/20/26 - Form FWP
- 3/20/26 - Form FWP
- 3/20/26 - Form FWP
- RY's page on the SEC website