Canadian interest rates started upwards this past week, leaving many people wondering if now is the time to switch from variable to fixed. RBC (Royal Bank of Canada) and TD (Toronto-Dominion Bank) both announced they were raising rates on certain fixed mortgage rates, including the 5 year fixed rate. That rate went to 5.85 percent [...]
Browsing the archives for the Real Estate News category
5 Apr 10
30 Mar 10
The Canadian Real Estate Assocation (CREA) filed its defense on March 25 against charges by the Canadian Competition Bureau that the Canadian MLS system stifles competition in the real estate industry. CREA argues in its response to the CC Board that the industry is already very competitive, and that there are a variety of buying [...]
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