An article by the Canadian Press:
Several of Canada’s big banks announced increases in their residential mortgage rates effective Tuesday.
Royal Bank (TSX:RY), TD Bank (TSX:TD) and Laurentian Bank (TSX:LB) all raised the posted rate for a five-year fixed-rate mortgage by 0.15 percentage points to 5.54 per cent.
Royal Bank raised its special offer rate for a five-year mortgage by 0.15 percentage points to 4.39 per cent, while TD and Laurentian raised their special offer rates for a five-year fixed-rate mortgage by 0.15 percentage points to 4.29 per cent.
Most other special and fixed rates at the banks were also going up between 0.10 and 0.15 percentage points.
Fixed rate mortgage rates are affected by the cost of borrowing in the bond market, where banks finance their home loan lending.
But, there is no reason to panic. If you’re looking for good rates, there are many options available for you. Here is a snapshot of today’s rates by RateDirect.ca – contact Danuta for more info
Posted by: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 
Great article
Why does it have to be a burden to get a home these days?:S I really hope the low rates from ratedirect.ca wouldn't cause panic in the near future.
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