Don't haggle with the banks. There are no additional costs for us to find you the right mortgage at the lowest rate.
The Canadian employment numbers last month were greater then analysts expected. They created a concern for the Canadian Central Bank and bond investors which resulted in an unexpected rate increase both in the fixed rate products and variable rate products. Rumors that United States and Canada are expected to reach an agreement in the softwood lumber dispute also fueled the rate status. We are expected to see another bond rate increase mid July resulting in another mortgage rate increase.