July 2014 Industry Stats
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on June 3rd, 2014. The major statistics are summarized as follows:
Bank of Canada interest rate remains at 1%
Prime lending rate remains at 3%
The 5Y variable qualifying rate remains at 4.79%, a drop from earlier in the year
The Government of Canada Bonds overall maintain their position
The number of housing starts decreased slightly from 70,300 (May 2013) to 66,100 (May 2014)
The average MLS resale price in ...
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