Canada Prime Rate
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RBC Mortgage Rates

Canadian Mortgage Rates Rise

TD Canada Trust, CIBC and RBC Royal Bank have all announced mortgage rate increases this week.  The RBC 5 year fixed mortgage rose 0.25 % to 5.44 %. Compare that to today`s best mortgage rates to the right of this page.

A TD economist said earlier in the week that mortgage rates are affected by bond yields, which have recently risen due to concerns about inflation and optimism about future economic prospects in the U.S.

Tags: mortgage rates, RBC Mortgage Rates, year fixed mortgage, CIBC mortgage rates, Rates Rise, Canada Mortgage Rates, TD mortgage rates

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Posted by Prime Rate Guy - February 10, 2011 at 12:46 pm

Categories: Canada Mortgage Rates, RBC Mortgage Rates, TD mortgage rates   Tags: , , , , , ,

Canadian Mortgage Rates Update

An update on Canadian mortgage rates after the Bank of Canada interest rate hike today. Here are the current rates at the major banks:

  • TD Prime Rate – 2.50%
  • RBC Royal Bank Prime Rate – 2.50%
  • BMO – Bank of Montreal Prime Rate- 2.50%
  • CIBC Prime Rate- 2.50%

However, the Bank of Montreal lowered its five year fixed mortgage rate to 4.25%.

The next Bank of Canada interest rate announcement is due on July 20, 2010. Many analysts are predicting another increase in the prime lending rate.

Tags: Canadian Mortgage Rates, CIBC prime rate, Royal Bank Prime Rate, mortgage rates, Bank of Montreal Prime Rate, BMO Prime Rate

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Posted by Prime Rate Guy - June 2, 2010 at 6:57 am

Categories: BMO mortgage rates, BMO Prime Rate, Canadian Mortgage Rates, prime rate canada, RBC Mortgage Rates, TD mortgage rates, TD Prime Rate   Tags: , , , , , , , , ,

Canadian Mortgage Rates – April 13, 2010

Here is a sample of the latest Canadian mortgage rates. Some rates quoted below are special rates. Check the financial institutions for more details.

TD Mortgage Rates:

1 year fixed rate 2.650%

5 year fixed rate 4.550%

5 year closed variable 2.100%

BMO Mortgage Rates:

1 year fixed rate 3.000%

5 year fixed rate 4.450%

5 year closed variable 2.100%

RBC Mortgage Rates:

1 year fixed rate 3.000%

5 year fixed rate 4.450%

5 year closed variable – RBC Prime Rate + 0.00%

Tags: RBC Mortgage Rates, TD mortgage rates, BMO mortgage rates, Canadian Mortgage Rates

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Posted by Prime Rate Guy - April 14, 2010 at 2:23 am

Categories: BMO mortgage rates, Canadian Mortgage Rates, RBC Mortgage Rates, TD mortgage rates   Tags: , , ,