September 2014 Industry Stats
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on September 9th, 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%
The Government of Canada Bonds maintain their overall position, with the 10Y slightly declining
The number of housing starts increased from 61,500 (July 2013) to 70,300 (July 2014)
The average MLS resale price in Toronto increased from ...
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