Mortgage News

RBC cuts 5-year fixed mortgage rate

RBC Cuts 5-Year Fixed Mortgage Rate

Last week, Royal Bank of Canada lowered its posted five-year fixed rate from 3.89% to 3.74%. It was the first… Read More »

OSFI Mortgage Rules

Tougher OSFI Mortgage Rules to Come in January

Thinking of applying for a mortgage? You now have until January 1st before new rules, designed to make it tougher… Read More »

ank of Canada May Announcement

No Change – or Mention of Home Capital – in Bank of Canada May Announcement

The Bank of Canada (BoC) stuck with status quo in its May announcement, opting to leave its trend setting Overnight… Read More »

Bank of Canada March Announcement

Bank of Canada Holds Breath Amid U.S. Trade Talks

The Bank of Canada is holding its breath, waiting to see how trade negotiations and skirmishes play out below the… Read More »

Why do some banks have lower mortgage rates?

Why Some Banks Have Lower Mortgage Rates, Despite New Rules

As you may have read, TD Bank recently raised their prime lending rate to 2.85% – 15 basis points higher… Read More »

How will TD's higher Mortgage Prime Rate affect you?

TD Hikes Its Mortgage Prime Rate

TD Canada Trust has quietly increased its mortgage prime rate to 2.85%, which is 15 basis points higher than what… Read More »

Bank of Canada

Bank of Canada Keeps Interest Rates Unchanged, Cuts Economic Outlook

On Wednesday, the Bank of Canada (BoC) announced it would leave its benchmark interest rate at 0.5%. At the same… Read More »

New mortgage rules have been introduced.

New Mortgage Rules May Impact Your Ability to Buy a Home

Getting a bigger mortgage may become a little harder for some homebuyers, following a Monday government announcement that insured mortgages… Read More »

New Mortgage Lending Rules to come.

Tougher Mortgage Lending Rules Are Coming… Very Soon

Buying a home in the Greater Toronto Area is easier said than done, as the availability of homes for sale… Read More »

Canada's banks are worried about Toronto and Vancouver home prices

Banks Are Worried About Toronto and Vancouver Home Prices

It is more expensive than ever to buy a home in Canada – a fact that is causing our nation’s… Read More »