In terms of mortgage rates, banks tend to follow suit with their counterparts who raise or lower their rates. When CIBC and Toronto-Dominion raised their fixed rate by 10 to 15 basis points on January 12. As a result, they only imitated the Royal Bank. The day before, it had raised by 15 basis points …

  Some of you may have already felt that your banker did not really understand your expectations, concerns or problems . That he is not listening enough to your case, that you are wasting a lot of time communicating with him for fairly simple things? But, also, that it seeks mainly to increase its profitability …

During the last 18 months, new Quebec mortgage rules have emerged. The mortgage landscape in Quebec , and Canada in general, has been turned upside down. For good reason, new conditions to meet to obtain a mortgage. But, rising rates have, too, helped to change the game in many ways. CMHC’s recent annual survey allows us to understand the …