December 21st, 2015 Mortgage Industry Update
The Bank of Canada announced on December 2nd that it's overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, almost all fixed rates have climbed ahead of the winter season cool-down, and increases in the bond market.
Additionally this week:
- CBRE: Commercial real estate investments moving through Canada’s markets would drop to $23.6B next year, down from $26.1B in 2014.
- US Federal Reserve announced its benchmark rate target and, as ...
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