Mortgage

Canadians confident about housing

The majority of Canadians feel now is a good time to buy a house. Except that they won’t take the leap.

By Vikram Barhat |April 5, 2012

2 min read

RBC and TD herald end of mortgage war

The mortgage war reignited by BMO barely a couple of weeks ago may end sooner than expected as RBC decides to raise its residential mortgage rates, effective March 29, 2012, promptly followed by Toronto-Dominion Bank. Both RBC and TD are moving their special four-year fixed-rate mortgages up by 50 basis points to 3.49%. The rate […]

By Vikram Barhat |March 26, 2012

1 min read

Canadians predict rising mortgage rates

The majority of Canadians (86%) expect mortgage rates to be higher over the next 12 months, while half (50%) would choose a fixed rate mortgage if deciding today, according to a CIBC Poll conducted by Harris/Decima.

March 26, 2012

2 min read

BMO reignites mortgage war

Barely two months after the fires were put out, BMO has reignited the cooling embers of the mortgage war among Canada’s largest banks. The bank announced, effective today, it is dropping the interest rates on a five-year mortgage to a historic 2.99%, a reduction of 50 basis points on the existing rate. The rate on […]

By Vikram Barhat |March 8, 2012

2 min read