Archive | Mortgage Rates

Ontario Introduces Measures to Cool Hot Housing Market

Ontario Introduces Measures to Cool Hot Housing Market

The Government of Ontario is trying to cool the jets on a hot housing market. As reported by the Ontario government, the average house price in Toronto reached $916,567 in March 2017, which is up 33.2 per cent from last year. To put the entire situation in perspective, RBC Economics said housing affordability for the ... Continue Reading

What Trump’s Win Could Mean for Canadian Travellers and Borrowers

What Trump’s Win Could Mean For Canadian Travellers and Borrowers

Many Canadians simply didn't see it coming - after months of watching the run-up to the U.S. presidential election from north of the border, we woke up on November 9th (or simply didn’t go to bed) to learn Donald Trump was the victorious candidate. He will be president of the United States, our largest trading ... Continue Reading

What to Do Now That TD Canada Trust Has Hiked Its Mortgage Rate

Bank goes at it alone, raising their prime rate on variable mortgages. It will now take longer for TD Canada Trust customers to pay off their variable mortgages, after the bank raised its prime mortgage rate this week. TD hiked its rate from 2.7 per cent to 2.85 per cent: meaning the total cost of ... Continue Reading

RBC special offer mortgage rates to increase

RBC special offer mortgage rates to increase

Expect higher special offer mortgage rates from RBC. RBC recently announced that it is increasing rates on new residential mortgage offers effective January 8, 2016. The rates affected are special discounted rates and are not the bank’s posted rates. A 0.10 per cent increase for select fixed-rate mortgages The following are the new special offer ... Continue Reading