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Blog by Linda M Linfoot

Variable Mortgage Rate - Increase

August 25th, 2011

RBC has hiked its variable mortgage rates without waiting for the central bank to move first.

Canada's biggest bank is moving to cushion its bottom line as profit from mortgage lending is being squeezed from prolonged low interest rates and the increasing cost of funds for the bank.

"Due to global economic concerns, the funding costs for banks have been increasing," it said in a state ...

Turning your Principal residence into a rental

August 2nd, 2011
Turning your principal residence into a rental

So, you're ready to move out of your starter home and into a larger residence. The thing is, your first home is so well-located that you'd love to hold onto it for a little longer - and maybe use it as a tool to launch you into the rental market. Be ...