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07/25/2024

It’s not unusual for grandparents to provide financial assistance to younger generations, especially when it comes to education and housing. But what was once a desire to help, has become a necessity, as grandparents are increasingly called upon – and expected – to pitch in to help cover everyday living expenses for their adult children and grandchildren.

RBC POLL: Canada’s grandparents are risking their own financial security to support adult children and grandchildren.

07/25/2024

First Time Homebuyers: Don’t Overlook These Budget-Busting Costs

Expensive Closing Costs May Add Up Quickly When Buying Your First Home.

06/19/2024

Housing and retail sales data to show Canadians continue to hold back.

Economic data in the week ahead should show further softening in Canadian (per-person) household spending before the Bank of Canada...

06/03/2024

All ducks appear to be in a row for the Bank of Canada to kick-start the policy easing cycle and lower the overnight rate by 25 basis points to 4.75% on Wednesday. The move follows cuts from the Swiss National Bank and the Riksbank (central bank of Sweden) in recent weeks and comes after the overnight rate was held at a restrictive 5% for about a year (the last rate hike was July 2023).

U.S. inflation data in focus as central banks consider rate cuts.The Bank of Canada will be focused on the March Canadian consumer price index report next Tuesday after another upward surprise in U.S. price growth created doubt about the U.S. Federal Reserve’s rate-cutting plans this year.

05/31/2024

Saving for a home or planning for retirement? Taking time to understand different registered accounts may help you save on your taxes as you build your wealth.

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05/27/2024

Looking to return to school or re-skill for a career in the environmental sector? Applications are now open for the RBC Foundation Green Skills Scholarship.

In collaboration with Universities Canada, up to 40 scholarships of up to $5,000 is awarded annually to returning students aged 25+, to encourage and inspire the development of new pathways in five greening sectors of the Canadian economy, including: buildings and construction, agriculture and food production, transportation, waste management and recycling, and renewable energy.

Up to 30 renewable scholarships worth up to $10,000 each, for returning students in five key environmental fields of study.

05/27/2024

Canada will allow 30-year amortization for first-time buyers’ mortgages. Finance Minister Chrystia Freeland said the government would allow the amortization period on insured mortgages for first-time homebuyers purchasing newly built homes. The measure will take effect on Aug. 1. The Canadian Home Builders’ Association has advocated for the longer period, saying five years more would help with affordability and speed up construction. The government also nearly doubled the amount first-time buyers can withdraw from RRSPs to buy a home to $60,000 from $35,000 as of April 16.

The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.

02/27/2024

Making energy-efficient renovations could shrink your utility bills, along with your environmental impact.

12/19/2023

If you own a home and you’re looking to sell it and buy a new one, there are strategies available to help you.

Visit RBC Royal Bank to learn about different strategies to help you sell your current home and buy the next one.

11/27/2023

The idea of buying a home is thrilling. You'll have so many exciting steps to take as you go through the new build home buying process, and we know you'll have a few questions too. We are here to make it easier. Our Mortgage Specialists can help you understand your options and lock in your best rate...

11/27/2023

The new build market is constantly evolving, and RBC Mortgage Specialists continue to work closely with our builders. They are present on site to answer customer questions about the purchase of a new build home, and during the launch of a new housing project.

The idea of buying a home is thrilling. You'll have so many exciting steps to take as you go through the new build home buying process, and we know you'll have a few questions too. We are here to make it easier. Our Mortgage Specialists can help you understand your options and lock in your best rate...