Canadian banks on brink of mortgage price war

Canada’s major banks are heading into a renewed mortgage price war in the wake of the Bank of Canada’s surprise decision to cut interest rates.

Mortgage brokers reported that Royal Bank of Canada dropped its five-year fixed rate for qualified borrowers to 2.84 per cent over the weekend.

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Prasad Ari

Prasad Ari

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CENTURY 21 People's Choice Realty Inc., Brokerage*
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