Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Big bank hikes prime rate

Notify me of new replies via email
Real Estate Professional | 01 Nov 2016, 02:21 PM Agree 0
Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules
  • Dan S | 01 Nov 2016, 04:57 PM Agree 0
    No apparent reason for this rate hike to occur by TD. I hope the other banks demonstrate more prudent thinking and less greed.
  • M&M | 02 Nov 2016, 07:22 AM Agree 0
    The problem with household debt is credit card, personal line of credit and unnecessary car debt, these types don't bring value unlike buying a property. However, these debts are not regulate and the banks make real profit just below loan shark rates to keep legal. If real estate became the new driver of the economy
    after the oil fiasco why slow it down.
    The government n the BoC should focus where real work needs to be done and don't fool the people
  • Les Holdway | 02 Nov 2016, 09:13 AM Agree 0
    Rates HAVE to rise. A) to protect the market from itself b) to return a reasonable rate of return to senior deposit holders who have been carrying the burden of excessively low rates c) stop the central bank from artificially stimulating the economy d) return market forces into the mix.
Post a reply