November 27th Mortgage Industry Update

November 27th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: - New 5 Year Fixed Promotional rate - 2.69%!!! Please call for an approval today! - New office report puts Canada’s cities in North America’s top 10. . - Seniors are opting for retirement in the suburbs, not condo living downtown. . - CMHC ... Read more

November 20th Mortgage Industry Update

November 20th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: - New 5 Year Fixed Promotional rate - 2.69%!!! Please call for an approval today! - Mortgage rates set to stay lower for the next six months. View the full report at: . - Analysts warn house prices can’t keep climbing. . - ATB ... Read more

November 13th Mortgage Industry Update

November 13th, 2014 Mortgage Industry Update Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month. Additionally this week: - New 5 Year Fixed Promotional rate - 2.69%!!! Please call for an approval today! - Ontario’s consumers more confident now than Alberta; consumer confidence slipping due to disruption in energy sector. . - ‘Palace of Love’ becomes most expensive US property ever to go ... Read more

November 2014 Industry Stats

November 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on November 11th, 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 60,400 (September 2013) to 54,700 (September 2014) The average MLS resale price in Toronto increased from $533,797 (September 2013) to $573,676 ... Read more

November 6th Mortgage Industry Update

November 6th, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the month of November, without any major changes to promotional rates. Additionally this week: - Mississauga real estate lawyer disappears with $3.5M of clients' money. . - PricewaterhouseCoopers and the Urban Land Institute say that mixed use is the future of real estate. . - October’s average home sale price was up 9% on a year earlier in Toronto according to figures from TREB. . - Canadians spend more of their ... Read more
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