The move by TD Bank, RBC and CIBC to raise rates on fixed mortgages because of rising bond yields may result in a temporary boon for lenders able to resist following suit in the next 24 to 48 hours, said industry professionals reacting to Monday’s move.
Most Ontario boomers are planning to move to smaller homes, according to the TD Canada Trust Boomer Buyers Report.
The Bank of Montreal reduced its posted five-year fixed mortgage rate by 0.10 per cent to 3.89 per cent.
More than two-thirds of repeat homebuyers believe their next house purchase won’t be their last, according to a new survey by TD Canada Trust.
One in five Alberta repeat homebuyers are looking for houses they don’t plan to live in, according to a report released today.
A $12-million mortgage fraud was discovered by police in Calgary that involved 22 homes and eight banks.
An Alberta man was sentenced to three years in prison for a $3.9-million rural mortgage scam that included 32 separate fraud charges over two years.
Four banks have increased their posted rates on fixed mortgages, signaling the start of an upward move on record-low interest rates.
Alternative mortgage lender VFC Home Inc. will join with TD Canada Trust's indirect lending business and operate under a new name, TD Financing Services, starting November 16.
With Wells Fargo the latest non-prime lender to fall off the mortgage map, Erin Letson talks to remaining alternative lenders to see what they're offering the alt-A set of clients and how they're mitigating risk