Harpreet currently provides his services to all of Southern Ontario whether you are a first time homebuyer, sophisticated real estate investor, or any step in between.

Contact

(416) 795-1919

Search Mortgage Corp. 100-50 Village Centre Place Mississauga, Ontario, L4Z 1V9 License #: 12652

harpreet@searchmortgage.ca

October 23rd Mortgage Industry Update

October 23rd, 2014 Mortgage Industry Update

Interest rates are likely to remain steady for the remainder of the month of October, without any major changes to promotional rates.

Additionally this week:
– The Toronto Star published an interesting article stating that developers are shifting sights to two-bedroom condos. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/business/real_estate/2014/10/22/developers_shifting_sights_to_twobedroom_condos.html” float=”none”].

– The Bank of Canada kept the lending rate at 3%!

– The Vancouver Sun is stating that major Canadian markets, including Toronto, will continue to be “hot” through 2015. [fancy_link link_text=”Learn More” url=”http://www.vancouversun.com/opinion/columnists/Barbara+Yaffe+Vancouver+real+estate+forecast+stay/10312696/story.html?__federated=1″ float=”none”].

– US housing market continues to grow. [fancy_link link_text=”Learn More” url=”http://www.theglobeandmail.com/report-on-business/economy/us-existing-home-sales-hit-one-year-high-prices-rise/article21189563/” float=”none”].

– CMHC admits it has little knowledge of foreign investment in the real estate market, but insists that it’s not a problem. [fancy_link link_text=”Learn More” url=”http://www.huffingtonpost.ca/2014/10/21/foreign-investors-housing-canada-cmhc_n_6022378.html?utm_hp_ref=canada-business” float=”none”].

– The president of CMHC says that they are not alarmed by high prices and insists that the market is robust. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/business/real_estate/2014/10/20/real_risk_to_housing_market_is_constrained_liquidity.html” float=”none”].

 
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.

Author

Harpreet Singh

Comment (1)

  1. http://businessfirstfamily.com
    30 January 2015

    The formatting of your post is great. Easy to learn, digest and share.

Leave a comment

Your email address will not be published.