June 28th, 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 stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Economists forecast Bank of […]
June 21st, 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 stabilized. Additionally this week: – Introducing a new 5 year fixed promotional low rate of 2.49%!!! – Bank of Canada: Economy […]
June 14th, 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 stabilized. Additionally this week: – BoC governor Stephen Poloz: Consumers should not assume that the current frenzy in the country’s real […]
June 7th, 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: – TREB: Number of new listings in April dropped by nearly 10% on […]