News and Updates

  June 24, 2013

After an announcement made by RBC last week, consumers are beginning to get concerned with the multiple increases within a two week period. The cost of 5 year Government of Canada Bonds determines the amount the banks have to pay for the money they lend out as mortgages. The increase in the cost of Canada Bonds has sparked the rise in mortgage rates. 

Many are concerned that this trend is a response to cool the markets, others are thinking it is only the reversal of the sharp decreases seen in recent times. 

Not knowing where the mortgage rates are headed for in the near future, can be concerning for many Canadians who are currently shopping around for a home. Contact a Mortgage Agent at Silver Line Mortgage Group today to secure your rates today! We are known for our low rates and will continue to offer the best possible rates to help you and your family get the home of your dreams. 



Keep posted as we update our News & Updates section, providing you with up-to-date market information on the market and mortgage rates. If you have any questions, contact us and one of our representatives will be glad to get in touch with you.


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