Canadian banks raise some mortgage rates, lower others
For the first time since the start of the COVID-19 pandemic, Canadian banks raised rates on fixed-rate mortgages. TD Bank (TD.TO), National Bank of Canada (NA.TO), HSBC (HSBC), Royal Bank…
Bond Yields Surge, Mortgage Rates Rising in Response
Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. CMLS, MCAP…
Mortgage debt continues to balloon amid low interest rates, strong demand
Amid the prevailing environment of low interest rates and sustained housing demand, Canadian households added approximately $108 billion in outstanding mortgage balances by November, according to Statistics Canada. This far outstripped the…