Tony's Blog

Toronto real estate agent, Tony Fabiano, shares his insights about this great city. Whether it's great deals on waterfront condos, the latest condo pre-construction deal, or the score of the last Raptor or Leaf's game, you'll find it here on Tony's Blog.

 

 
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Royal Bank of Canada, the country’s second- largest lender by assets, said it’s raising some mortgage rates even as the costs for funding home loans declines.

Royal Bank’s special discounted rate for its five-year fixed mortgage will rise to 3.04 per cent from 3.03 per cent effective Jan. 8, the Toronto-based bank said Tuesday in a statement. A five-year variable mortgage, which is tied to the bank’s prime rate, will rise to 2.6 per cent from 2.45 per cent. The lender also raised its discounted rates for two-, three- and four-year fixed mortgages. Full Story

 

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