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Royal Bank and TD Canada Trust announced Monday they are increasing several fixed mortgage rates by up to 6/10ths of a percentage point.

The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted rate, which is routinely discounted by the big banks.

RBC's new discounted rate for the five-year term also rises...

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From Saturday's Globe and Mail, 

The clock is ticking on Canada's record-low borrowing costs, as inflation continues to move at a faster rate than the central bank had expected.

The hot reading on inflation issued by Statistics Canada Friday is raising expectations that the Bank of Canada could lift interest rates as early as June.

Economists, meanwhile,...

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A ravine home by architect Siamak Hariri is at once generous and rigorous. At 11,000 sq. ft., it is a large house, but careful manipulation of interior spaces has banished any hint of chilly vastness.

 There's an interesting book to be written about the deluxe modernist houses that hover over Toronto's lovely, deep ravines.
The available ravine-side building sites are often awkward in shape and...
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Federal Finance Minister Jim Flaherty announced changes to mortgage insurance rules intended to come into force on April 19, 2010, as follows:

1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term. 

2. The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90%...

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As you ring the bell at 1098 Wolfe Ave. in Vancouver, its Jetsons-theme-music chime suggests you’re in for a bit of a show. Sure enough, the 6,500 square feet that lie beyond the front door comprise a showpiece, in a particularly literal sense of the term. This modernist mansion was designed to be a calling card for an emerging architect. And, as its recent sale for a cool $4.5-million attests,...

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Insured buyers must show 'ability to pay'...

By James Pasternak, Financial Post

When Frank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing.

With mortgage insurance, they only had to put down 5% of the $270,000 purchase price. They went with a closed variable rate at 2.25% and amortized the loan over 35 years. The...

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36% say they are likely to buy in the next two years, up from 26% last year, poll shows...

Sentiment among would-be homebuyers continues to improve in B.C., according to an annual RBC home ownership study released on Monday.

The study reported that 36 per cent of B.C. residents in a recent survey conducted by Ipsos Reid said they are likely to purchase a home in the next two years, up from 26 per cent...

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VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an...

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