rbc Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler

March 18, 2025 2 Comments

Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying season kicks off.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Lenders slow to roll out secondary suit refinancing program

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

January 31, 2025 3 Comments

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

Canadians continue to struggle financially due to higher costs: RBC poll

January 23, 2025 No Comments

A new report says nearly half of Canadians polled say they can’t maintain their standard of living due to rising costs.

Mortgage Digest: CREA updates 2025 forecast with higher sales and price growth

January 16, 2025 No Comments

A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Bank CEOs see mortgage risk easing as attention turns to political uncertainty

January 7, 2025 No Comments

The heads of Canada’s biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place.

A by-the-numbers look back at Canadian finance in 2024

December 29, 2024 No Comments

The big questions in Canadian finance heading into 2024 were whether the economy could avoid a recession and what would happen with interest rates.

Home affordability improves, but still challenging for many Canadians: RBC report

December 21, 2024 No Comments

Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

December 4, 2024 No Comments

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

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