Victoria’s hot real estate market ready to cool off
Filed Under Main Content · Tagged: Bank Of Nova Scotia, Bucket Of Water, Greater Victoria, Hot Real Estate, Mortgage Rates, Previous Year, Real Estate Market, Real Estate Sales, Royal Bank, Second Time, Victoria Market
Times Colonist- Greater Victoria’s hot real estate market appears ready to cool off as mortgage rates go higher and rules on borrowing tighten.
Real estate sales and prices were up in Victoria in March compared with the previous year but the sector is headed for more balance as the Royal Bank and the Bank of Nova Scotia tossed another bucket of water by raising mortgage rates for the second time in two weeks and new buyers braced for tighter mortgage rules that come into effect this Monday…
Victoria’s hot real estate market ready to cool off
Canadian mortgage rates on the rise
Filed Under Main Content · Tagged: Anticipation, Bank Of Canada, Basis Points, Benchmark Mortgage, Bond Market, Bond Yields, Canadian Mortgage Rates, Cibc World Markets, Economist, Fixed Mortgage, Fixed Mortgages, Fixed Rate Mortgages, Housing Market, Laurentian Bank, Mortgages Rates, Quot, Royal Bank, Td Canada Trust, Upswing, Year Mortgage
Times Colonist- Mortgage rates are on the upswing in Canada, signaling an end to historically low rates and an indication that the country’s housing market is finally poised to cool off.
Royal Bank, TD Canada Trust and Laurentian Bank announced Monday they are raising rates they charge on certain fixed mortgages, including the benchmark five-year mortgage, which will jump 60 basis points to 5.85 per cent effective Tuesday.
"This is actually a fairly large increase reflecting what’s happening in the bond market lately," said Benjamin Tal, senior economist with CIBC World Markets.
Anticipation over the Bank of Canada raising its overnight lending rate, possibly ahead of schedule, is pushing up bond yields, Tal said. And rising yields puts pressure on fixed-rate mortgages…
Canadian mortgage rates on the rise
Royal Bank profit slides, seeks more capital
Filed Under Main Content · Tagged: Dividend Payments, Dividends, Equity Issue, Incentives, Preferred Equity, Rbc, Royal Bank, Shareholders, Slides, Stock, Times Colonist Victoria, Times Colonist Victoria Bc
Times Colonist, Victoria, BC – RBC also unveiled fresh incentives for shareholders to reinvest dividends in the bank, offering a 3% discount for shareholders who wish to take their dividend payments as stock, as well as announcing it was seeking $200-million through yet another preferred equity issue…
