Why are mortgage rates rising?
August 29th, 2013
Why are Canadian mortgages rising? And how far could they go?
One after the other, Canada’s big banks have all hiked-up
mortgage rates this week. Why? In large part, it has to do with the U.S.
recovery.
There are two major channels in which a healthier and
faster-growing economy down south is driving up the cost of borrowing for
Canadian homeowners. The first one: Foreign capita ...