• rbc_367588gm-aThe Royal Bank announced that effective tomorrow they are raising all rates by 0.25%. As an example their posted 5 year fixed rate would rise to 6.10%. This increase is on top of ones that took effect last week that were up to 60 bps.

    So far no other major lenders have matched these increases but I expect them to follow suit shortly.

    UPDATE: Scotia Bank this afternoon matched these increases effective tomorrow.

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