December 18th, 2014 Mortgage Industry Update As the year ends, we see lenders start to stabilize their interest rates. For this reason, mortgage promotional rates are likely to remain the same, as 2014 concludes. Additionally this week: – PM Harper reassures Canadians that federal budget will balance and tax measures and spending plans will remain, […]
December 11th, 2014 Mortgage Industry Update As the year ends, we see lenders start to stabilize their interest rates. For this reason, mortgage promotional rates are likely to remain the same, as 2014 concludes. Additionally this week: – BoC warns of an overvalued housing market, by as much as 10-30%. [fancy_link link_text=”Learn More” url=”http://www.mortgagebrokernews.ca/news/boc-joins-the-housing-overvaluation-discussion-186265.aspx” float=”none”]. […]
December 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on December 5th, 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 […]
December 4th, 2014 Mortgage Industry Update As the year ends, we see lenders start to stabilize their interest rates. For this reason, promotional rates are likely to remain the same, as 2014 concludes. Additionally this week: – Canadians expect to be debt free on retirement… except for the mortgage. [fancy_link link_text=”Learn More” url=”http://www.cbc.ca/news/business/manulife-survey-suggests-27-don-t-count-mortgages-as-debt-1.2855974″ float=”none”]. – […]