October 2nd, 2014 Mortgage Industry Update

One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October.

Additionally this week:
– The Toronto Star released an article stating the GTA is expected to lead country in luxury home sales. Learn More.

– A new poll stated that GTA homebuyers are choosing convenience over size. Learn More.

– First-time homebuyers are feeling the weight of Canada’s housing boom. Learn More.

– The Globe And Mail released an interesting article comparing property taxes with different home values across Canada. Learn More.

– Another strong month for GTA new-home sales. Learn More.

Stay tuned for the next update!

For any questions and concerns please do not hesitate to call Harpreet Singh The Mortgage King at (416) 795-1919.

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