Prepayment options

Should you pick an open vs. closed mortgage? Open and closed mortgages are both useful, but you need to choose the right one. Here’s what you need to know.

For many Canadians, their mortgage will be the largest debt they’ll ever take on. Fortunately, taking on a mortgage doesn’t sentence you to a life of debt because there’s a way to pay off your mortgage … Read More

Flickr: nerdcoregirl When it comes time to shop around for a mortgage, we know it’s about more than just finding the best mortgage rate. Every mortgage is a little different, depending on what’s written into the terms … Read More

Bank of Canada Holds Overnight Rate at 1 Per Cent The Bank of Canada (BoC) announced last month that it is yet again holding the overnight lending rate at 1.00 per cent. The overnight lending rate … Read More

Making the decision on which rate, lender, and in turn, which mortgage is right for you can be overwhelming without the right tools and know-how to understand your options. There’s more to getting a mortgage then … Read More

The RBC is the largest residential mortgage lender in Canada and one of the country’s largest banks as measured by assets and market capitalization. RBC’s 19th Annual Homeownership poll was conducted between January 24 – 30, … Read More