July 12th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – TREB: As of […]
July 5th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – Toronto’s house prices […]
June 28th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Economists forecast Bank of […]
June 21st, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Bank of Canada: Economy […]
June 14th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also stabilized. Additionally this week: – BoC governor Stephen Poloz: Consumers should not assume that the current frenzy in the country’s real […]
June 7th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined and become stable. Additionally this week: – TREB: Number of new listings in April dropped by nearly 10% on […]
May 31st, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined and become stable. Additionally this week: – Bank of Canada maintaining its target for the overnight rate at 1/2 […]
May 24th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined and become stable. Additionally this week: – York Region awarded as one of Ontario’s highest appreciating regions in past […]
May 17th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – CREA: The national home sale price skyrocketed 13.1% year-over-year. Not including Toronto and Vancouver, increased […]
May 10th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – CMHC: The trend measure for housing starts in Canada was 195,064 units in April, down […]