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Category Archives: Mortgage News
Royal Bank, CIBC raise mortgage rates after bond rates increase
Mortgage rates are on the rise in Canada after a strong U.S. jobs growth report bumped up the cost of borrowing in the bond market. Royal Bank says it is raising rates on some variable rates as well as … Continue reading
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September strong for sales in Toronto, with listings expected to pick up
Residential sales activity and home prices in Toronto continued to rise in September, keeping on pace for the second-best sales year, according to the Toronto Real Estate Board. There were 25% more sales last month compared to a year … Continue reading
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Mortgage Lenders Shifting Consumers from Variable to Fixed Mortgage Rates
A great shift is happening in the mortgage market as lenders are enticing Canadian consumers to deeply discounted fixed mortgage rates and away from variable mortgages. Low bond yields continue to provide lenders with room to manoeuvre and offer better … Continue reading
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Canadian home prices resilient in third quarter
In its House Price Survey and Market Survey Forecast, Royal LePage says that Canada’s residential real estate market benefited from very low interest rates and a relatively stable domestic economy. via Canadian home prices resilient in third quarter – The … Continue reading
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BMO Canadian Housing Outlook
After a decade of strong growth in the Canadian housing market, residential real estate is headed for a “soft landing” with prices moderating in the months ahead, according to a Special Report from BMO Economics. via BMO Canadian Housing Outlook: … Continue reading
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25 Year Amortization is the Right Mortgage for Right Now
While the Bank of Canada has been holding the line on interest rates over the last few quarters, the current low interest rate environment is no reason for homeowners to let their guard down when it comes to managing their … Continue reading
Why your mortgage rate is low
The Bank of Canada usually has a 2% target for inflation and if prices start to rise above this target, it triggers interest rates to rise. Why have central bankers around the world not raised rates if inflation really is … Continue reading