April 2015 Industry Stats
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on April 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 4.74%
The Government of Canada Bonds have declined slightly
The number of housing starts decreased significantly from 60,200 (February 2014) to 44,900 (February 2015), a 25% decrease
The average MLS resale price in Toronto increased from $553,193 (January ...
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