May 31st, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th 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 and become stable. Additionally this week: – Bank of Canada maintaining its target for the overnight rate at 1/2 […]
May 24th, 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 and become stable. Additionally this week: – York Region awarded as one of Ontario’s highest appreciating regions in past […]
May 17th, 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: – CREA: The national home sale price skyrocketed 13.1% year-over-year. Not including Toronto and Vancouver, increased […]
May 10th, 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: – CMHC: The trend measure for housing starts in Canada was 195,064 units in April, down […]
May 3rd, 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: – Toronto saw 500 properties worth north of $2 million sold between January 1 and March […]