March 2015 Industry Stats
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on March 6th, 2015. The major statistics are summarized as follows:
Bank of Canada interest rate remains at 0.75%
Prime lending rate remains at 2.85%
The 5Y variable qualifying rate remains at 4.79%
The Government of Canada Bonds have declined slightly
The number of housing starts increased from 60,900 (January 2014) to 61,500 (January 2015), a 1.0% increase
The average MLS resale price in Toronto increased from $526,528 (January 2014) ...
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