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Condo Financing Rates

Timely news and interest rate updates available for Toronto Real Estate from TO_Uptowngirl

Td fixed rates went up to 3.54% last week (see attachment); we’re the lowest of the 6 big banks.  RBC didn’t just increase the discounted rate to 3.79% also increased it posted rates that now sit at 5.34%;  what are the implications of this? 

RBC customers qualifying for variable rates or home equity lines of credit and fixed-rate mortgages with terms shorten than 5year will get tougher time.

Will other banks follow suit? call me for details.

Get in touch with me on Twitter @condofinancing or

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