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  • canadian bank mortgage rates FAQ


    Yes this is possible many banks lend in multiple countries. This is more prevelant in the residential market.


    TD: 5.25 fixed, special offer until may 31, regular/after may 31=6.7
    RBC: 6.75 (posted)
    PC Financial: 5.2-5.45
    CIBC: 5.25/6.6

    Keep in mind that these are posted rates only. You should go to your bank and sit down with


    TD: 5.25 fixed, special offer until may 31, regular/after may 31=6.7
    RBC: 6.75 (posted)
    PC Financial: 5.2-5.45
    CIBC: 5.25/6.6

    Keep in mind that these are posted rates only. You should go to your bank and sit down with


    Banks are able to wire funds to & from each other. All that is needed is the bank's routing number and your account number.

    canadian bank mortgage rates news

    Flaherty on Rates: How Low Can't You Go?

    18.05.12

    Flaherty said he spoke directly to bank CEOs about it, warning them: “You should be cautious about your lending practices, because this is the type of practice that led to a mortgage crisis in the United States several years ago…So my expectation is that you will not compete to the bottom on interest rates.”


    Source: Canadian Mortgage Trends

    Canada's Housing Market Booms; Experts See Trouble

    18.05.12

    Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world. In Toronto, prices increased 10 percent in March alone. The average detached house in the city costs more than $600,000.

    That has economists and the government worried that Canada is experiencing a housing bubble that's about to burst.


    Source: NPR

    Canadians' debt no reason for rate hike - bank

    18.05.12

    Growth in mortgages is also showing signs of slowing, with mortgages outstanding as of March up 6.3 percent from a year earlier, well below the average 7.3 percent rate of the past two years. The mortgage arrears rate is just under 0.4 percent, still above pre-recession levels but down from the near 0.5 percent rate during the recession.


    Source: Reuters