Home / Mortgages / Royal Bank to edge up wide range of mortgages starting next week + MORE Jun 7th

Royal Bank to edge up wide range of mortgages starting next week + MORE Jun 7th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News

Mortgage renewal calculator Sep 26th

When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different terms. Using a mortgage renewal calculator can help you compare mortgage offers and pick the best one available at the time of renewa.... More »
home equity

Why a mortgage that leaves room for retirement saving is a must-have + MORE Feb 19th

In expensive housing markets like Toronto or Vancouver, contributing to your RRSP can take a back seat — and catching-up later isn’t the solution it used to be .... More »
bank mortgage

US MBS Selloff – The Canadian Impact + MORE Apr 15th

In 2008, when the housing crisis in the U.S. was threatening to bring down the global economy, one of the moves the U.S. government made to temper the damage was to buy up an unprecedented $1.25-trillion worth of mortgage-backed securities (MBS). The taxpayers footed the bill for the purchase, whic.... More »

CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ + MORE Jan 7th

A new report backed by Canada's national housing agency is calling for a home equity tax on houses valued at $1 million and more..... More »
line of credit

Surviving the crunch + MORE Apr 21st

Julie and Noel Bond seemed well on their way to realizing the Canadian dream when they moved east of Vancouver to the small community of Mission in 2014 so they could afford a three-bedroom house for their growing family. They now have two pre-school children and are expecting a baby in March. While.... More »
One of Canada’s biggest mortgage lenders says many of its rates are going up Monday.


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TD & RBC Sharpen Their Public 5-Year Rates

– canadianmortgagetrends.com

We could be in for a slow summer in the mortgage market, thanks to housing moderation and mortgage rule tightening over the last 12 months. This may have contributed to…


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How Bond Yields Affect Fixed Mortgage Rates

The bond markets have been particularly volatile for the past few weeks on fears that the credit situations in places such as Cyprus could spiral out of control and bring the global markets down with it. The loss of confidence in some of these European Union nations is spiking up yields on bonds in countries with strong ties to the continent. Canada is no exception we have recently seen a spike in rates up to 1.10 as of June 6. Not a huge number, but it does indicate that fixed mortgage rates are poised to rise. Here’s how it works
Bonds and Fixed Mortgage Rates
When a bank offers you an interest rate on a loan (mortgage) they are being guided by the rate they are getting themselves. This market rate is what they are paying to borrow the money for you from either their customers or other institutions. They pay those people a smaller amount of interest on the loan that they can lend to you for a higher rate to make a profit, also referred to as a spread. If it’s costing the bank more money to borrow, that cost will be downloaded on to the lender…


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Getting a great mortgage in Canada can be tricky – let us help! Visit our Canadian Mortgage page for the latest rates and articles.

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