October 2014 Industry Stats
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on October 8th, 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
The number of housing starts decreased from 69,900 (August 2013) to 52,600 (August 2014)
The average MLS resale price in Toronto increased from $503,094 (August 2013) to $546,303 ...
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