Wednesday, November 16, 2016

Fascinating changes in Canadian mortgage markets abound ....

The Federal government is tightening rules to help cool the market, Ontario institutes a higher land transfer tax rebate to give buyers incentives to purchase and now RBC is offering lower rates for a shorter ammortorization on your mortgage.  Interesting times in the Canadian mortgage markets.

Under pricing pressure from spiking bond yields and Ottawa's housing market crackdown, Royal Bank of Canada is boosting its most important fixed-rate mortgages.

RBC is also introducing a new pricing structure, charging different rates for mortgages with amortization periods of 25 years or less and for those with longer maturities -- a first for Canada.

for the complete article, please click here 

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