5 Year Fixed

5 Year Variable

¹Certain conditions apply
³Term with certain restrictions.

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RBC Bank Prime
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Market Update - Oct 2018
Source: Smartymortgage, published on Oct 22, 2018

As we ease into fall having enjoyed a good run of sunshine and blue skies, I have noticed an
upturn in mortgage applications during the month of October. It will be interesting to see if the
real estate stats bear out my observations when they are published at the beginning of

Rate wise, Bank of Canada (BoC) is going to announce its rate decision this coming Wednesday.
Most economists are predicting that a 0.25% rate hike is likely although September’s inflation
rate is lower than in August.

Read more ...

Market Update - Aug 2018
Source: Smartymortgage, published on Aug 22, 2018

Time flies! Kids will be back in school soon and we are doing our best to enjoy the rest of the
summer without breathing in too much smoke.

Meanwhile in the mortgage sector we are counting down to the next important date on our
calendar which is Oct 31st. This is the last day of the current fiscal year for most lenders.
Traditionally we expect rates rising temporarily and policies tightened up around this time.

Read more ...

Market Update - July 2018
Source: Smartymortgage, published on July 9, 2018

Once again it’s that time when there is a debate over whether Bank of Canada (BoC) is going to
increase its overnight rate which is sitting at 1.25% at present. With the recent stats showing
strong job growth and steady wage increases for June, many economists have revised their
predictions and see the high possibility of BoC having another rate hike by a quarter percent on
Jul 11th, Wed. If it happens, we expect another waive of rate increases across all mortgage
Read more ...

Market Update - May 2018
Source: Smartymortgage, published on May 15, 2018

Most lenders have recently increased their fixed mortgage rates in response to the rise in
government bond yields in the past few weeks. With the anticipation of Bank of Canada (BoC)’s
next rate hike either on May 30th or July 11th, we are likely to see a continuous increase of
fixed mortgage rates in the near future.
Read more ...