April 26th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – TD study: 13% of buyers in Toronto + Vancouver purchased homes in rush for fear […]
April 19th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – CREA: National home sales increased 1.5% month-over-month for March, and 12.2% year-over-year. – IMF revised its […]
April 12th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – Royal LePage report: Trump presidency fears to drive Canada housing growth. – Benchmark prices in Vancouver […]
April 5th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – KPMG: Canada among most competitive countries for businesses based on cost of industry essentials; taxes, labour, […]