The Royal Bank of Canada has raised some of its mortgage rates, and the changes are going to make paying down the mortgage even more expensive for people who choose to take 25 years or longer to do so. "We're seeing our 10-year Government of Canada bond yield now up about 30 basis points compared with before the U.S. election. Royal Bank cited higher financing costs in explaining its rates move. James Laird, co-founder of RateHub, said mortgage rates are still relatively low, even with the the latest hikes by TD and RBC. "I do expect that as we move forward and more [mortgage] rules come into place that rates will continue to rise."

Source: CBC News November 15, 2016 15:01 UTC