December 21st Mortgage Industry Update

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 ... Read more

December 15th Mortgage Industry Update

December 15th, 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: - REMAX: Price appreciation expected to continue into 2016; expected to increase 7% in Greater Vancouver and 5% in the Greater Toronto Area. - New minimum mortgage down payment changes announced by ... Read more

December 8th Mortgage Industry Update

December 8th, 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: - Stats Can: Canadian economy lost 36,000 jobs in November. Largely driven by declines in part-time work. Overall unemployment rate up to 7.1%. - TREB: GTA sales 14% higher in November 2015 compared ... Read more

December 1st Mortgage Industry Update

December 1st, 2015 Mortgage Industry Update The Bank of Canada announced on October 21st 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: - CHMC released quarterly results Friday. Low arrears rates: 0.35% as at September 30, Claims Paid - $76 million, a decrease of $38 million. - Manulife Bank of Canada’s Debt Survey: 38% of ... Read more
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