December 2023

Latest in mortgage news: Freeland approves RBC takeover of HSBC, with conditions

RBC’s $13.5-billion acquisition of HSBC’s Canadian unit cleared its final hurdle after receiving approval from Chrystia Freeland, Deputy Prime Minister and Minister of Finance.  RBC’s $13.5-billion acquisition of HSBC’s Canadian unit cleared its final hurdle after receiving approval from Chrystia Freeland, Deputy Prime Minister and Minister of Finance.  Mortgage Rates & Mortgage Broker News in Canada 

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Year-end rate relief: big banks and lenders slash mortgage rates in time for the holidays

Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.  Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.  Mortgage Rates & Mortgage Broker News in Canada 

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Bank of Canada’s confidence grows that rates are now high enough, but says inflation risks remain

The Bank of Canada’s six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target.  The Bank of Canada’s six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target.  Mortgage Rates & Mortgage Broker News in Canada 

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Here’s why prospective first-time buyers should open a First Home Savings Account before Dec. 31

The new First Home Savings Account (FHSA) is being hailed by some as “the greatest deal in the history of Canadian savings.”  The new First Home Savings Account (FHSA) is being hailed by some as “the greatest deal in the history of Canadian savings.”  Mortgage Rates & Mortgage Broker News in Canada 

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The Bank of Canada’s fight against inflation isn’t over as progress stalls in November

Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.  Despite expectations that inflation would dip below 3% in November, headline inflation instead stalled, remaining unchanged from October.  Mortgage Rates & Mortgage Broker News in Canada 

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