What do news headlines below tell us ? Higher bond yields trigger hike in mortgage rates Toronto Star – Jun 21, 2013 The recent increase in mortgage rates by several of Canada’s big banks is likely the start of a slow upward trend, experts say. Scotiabank, the Royal Bank of Canada, and TD Canada Trust raised rates this week on some mortgages for terms ranging from two … Rising […]
Mortgage rate is rising ? Locking up is the way forward ?
RBC, quite possibly North America’s most profitable bank, has just hiked their mortgage rate. However, will the rest of the financial big boys follow suit (they usually do) is anyone’s guess. The intriguing question at hand is why will they rest hike the rate accordingly when the overall mortgage market is shrinking ? Are Canada’s […]
If you were Stephen Poloz, would you raise or lower interest rates?
Incoming Bank of Canada governor Stephen Poloz should raise interest rates, a new report says. Advice for incoming BoC governor: Raise interest rates Report says low levels have threatened pension funds, helped boost household debt Julian Beltrame The Canadian Press Incoming Bank of Canada governor Stephen Poloz is already getting advice on what to do once […]
Bank of Canada should hike rates to pop housing, debt bubbles: former BoC aide
The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former advisor to central bank Governor Mark Carney said on Wednesday. ‘We do not believe there is a bubble’: Canada’s largest non-bank mortgage lender […]
Royal Bank hikes mortgage rates & non-mortgage debt shows biggest quarterly decline
Did you know, even a house is so charred like this one, the roof caved in over the porch […] A strong wind could knock this place down … Still worth a million dollars house in Canada? Royal Bank nudges mortgage rates higher: 5-year rate hiked to 3.29% Canada’s largest lender has raised its residential […]