RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC.
The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big...
Some mortgage borrowers' confidence in variable rates may be tested as the Bank of Canada's overnight target rate starts its inevitable climb upwards, perhaps as early as this week.
Earlier this week, RBC's CEO called for the Bank of Canada to take "rapid action" and raise interest rates to bring inflation under control. According to some forecasts, the Bank of Canada may heed that advice.
Bank of Canada Governor Tiff Macklem reaffirmed that controlling inflation is the central bank’s “number one job.” That’s why, on...
With fixed rates on the rise, a mortgage pre-approval can be a total game-changer.
The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren't expected to fall below pre-pandemic levels.
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.