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. .
- TD Bank decreases their 5 year fixed promotional mortgage rate to 3.04%, from 3.09%.
- Typical detached home in Vancouver approaches $1 million, something we are likely to see in Toronto's future. ...
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