Grant Robertson — BANKING REPORTER From Thursday’s Globe and Mail Published Wednesday, Feb. 08, 2012 7:43PM EST Last updated Thursday, Feb. 09, 2012 7:12PM EST On Wednesday, Toronto-Dominion Bank (TD-T78.57-0.19-0.24%) pulled discount mortgage rates that were supposed to be available until the end of the month. Royal Bank of Canada (RY-T53.660.060.11%) did the same on [...]
Jeremy Torobin AND Grant Robertson OTTAWA AND TORONTO— From Friday’s Globe and Mail Published Thursday, Feb. 02, 2012 1:13PM EST Last updated Monday, Feb. 06, 2012 7:43PM EST Ottawa is becoming increasingly uncomfortable with record-low mortgage rates being offered by some Canadian banks and the ease with which some institutions are advancing lines of credit. [...]
Garry Marr Jan 30, 2012 – 7:13 PM ET | Last Updated: Jan 30, 2012 7:18 PM ET Canada Mortgage and Housing Corp. is cutting back on mortgages it insures as the Crown corporation edges closer to a $600-billion cap imposed on it by the federal government, the Financial Post has learned. A CMHC spokesman [...]
Several lenders are now offering this incredibly low pricing for 10 year mortgages. If you are one of those people who has had a mortgage for a while you know this rate is unheard of. How long will this rate be offered? Hard to say. One thing for sure rates will go back up. It [...]
Inflation up, mortgage interest costs down: StatsCan
While rising gas prices helped to drive up Canada’s annual inflation rate, mortgage interest costs fell for the second consecutive month. Gasoline prices climbed 2.8 per cent in January — its highest level since August of 2008 — pushing the inflation rate to 2.5 per cent, reversing December’s 0.6 per cent decline, according to Statistics [...]