Bank Hikes Mortgage Rate


TORONTO, On., RBC Royal Bank announced Tuesday it was increasing some of its fixed rate Mortgages by as much as 0.25 per cent. Canada’s biggest bank was following in the footsteps of CIBC and TD Canada Trust, who announced their own Interest Rate increases on Monday. RBC’s five-year fixed rate mortgage increased by 0.25 per cent to 5.44 per cent.

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Alex Macale

Alex Macale

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CENTURY 21 Leading Edge Realty Inc., Brokerage*
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