ALEX & ANNA - WWW.TORONTOGREATHOMES.COM

Fixed Rates:  Have gone up.   5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing. Variable Rates: Have gone down a little. 5 year variable rate 2.20% (prime minus 0.80%) 3 year variable rate 2.15% The rate used by lenders to ...

The major Canadian banks - CIBC, RBC Royal Bank and TD Canada Trust have increased fixed rate mortgages by 0.25 percentage points to 5.44 per cent.  The banks increased it's one-year fixed rate mortgage 0.15 percentage to 3.5 per cent. The mortgage rates are affected by bond yields. which have also risen as a result of ...

Royal Bank of Canada, the country’s largest bank, is leading the way on another round of mortgage-rate hikes, boosting borrowing costs in April for the third time in recent weeks. The rate on a five-year closed mortgage is now 6.25 per cent, an increase from the previous rate of 6.10 per cent. A one-year closed rate will, as of ...

Interest rates will likely stay at their current historic lows through June 2010 in an effort to meet the Bank of Canada's inflation target of two per cent, says governor Mark Carney. Speaking to CTV's Question Period Sunday, Carney confirmed speculation that interest rates would remain at 0.25 per cent, the lowest rate Canada has ever ...