Browse by Tags
» canadian banking system (RSS)
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.
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 ...
Sales of houses on Toronto MLS are down on a year-over-year basis, which isn’t a surprise. The decline was predicted.
Each says last year’s sales were higher than expected because many buyers were brought into the market before the threat of higher fixed mortgage rates became a reality this year, skewing sales figures, thus the large ...
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 ...
The Bank of Canada took its first steps in March toward returning the country to more normal interest rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” consumer demand.
The messages were conveyed in the Bank of Canada’s latest ...