December 11th Mortgage Industry Update
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”].
– Canadian realtors take to the skies! [fancy_link link_text=”Learn More” url=”http://www.cbc.ca/news/canada/windsor/drones-helping-sell-canadian-homes-and-property-1.2864042″ float=”none”].
– Canada needs another 4.5 million homes, warns study. [fancy_link link_text=”Learn More” url=”https://ryan-berlin.squarespace.com/canada-housing-pdf” float=”none”].
– Lenders face challenges in 2015 despite $31.7 billion profits. [fancy_link link_text=”Learn More” url=”http://www.huffingtonpost.ca/2014/12/05/canadian-bank-profits-2014_n_6278166.html?utm_hp_ref=canada-business” 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.
