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    • Rates Secretly Lowered
    • 03JUL
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      Rates Secretly Lowered

      RBC, without a press release, lowered their posted rates today by 0.10% across the board. This is the second time in under 2 weeks that mortgage rates have been lowered. Based on current bond yields, we can anticipate futher rate decreases in the near future. No other lenders have followed RBC’s lead thus far but

      • Posted by Wayne Mah
      • Market Update
      • Mortgage Rates
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    • 19MAY
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      HSBC Out Of Broker Network

      HSBC Bank Canada announced today that they will no longer be originating mortgages via brokers. This is effective immediately. Along with this, they will also be winding down and closing their outside mortgage sales force department. All future mortgage origination will be done via their branch network. Although HSBC has never been a major player

      • Posted by Wayne Mah
      • Market Update
      • Mortgage Rates
      • Real Estate
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    • 26APR
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      Interest rates rise for the 3rd time in a month

      RBC led the way again today, announcing another rate increase of 0.15% across the board. This is the 3rd rate increase in a month and now totals over one full percentage point on many terms. Expect all other lenders to follow in the next few days. If you are in the market to buy, renew,

      • Posted by Wayne Mah
      • Market Update
      • Mortgage Rates
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    Wayne Mah, A.M.P.

    wayne@citywidemortgage.ca
    T: 604-880-1899
    F: 604-257-2605

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
    • V6H 1G7

    cwf@citywidemortgage.ca

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