RBC is the latest lender to hike their fixed mortgage rates by 20 to 30 basis points for both posted and discount offerings. Why are mortgage rates on the rise? Read on for a breakdown of factors affecting the market.
The province you reside in can make a big difference when it comes to buying a home. A Housing Trends and Affordability report by RBC sheds more light on on what potential buyers and current homeowners can afford, based on their income, mortgage payments and property taxes.
It seems bank credit rating downgrades are the financial headline du jour – and it all kicked off with news of Dutch bank ING Bank of Canada receiving a hit from Moody’s last week. Why are banks the target of such slashings? As usual, European debt crisis is a contributing culprit.