July 26th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – BILD: GTA Low rise homes have more than doubled in price in the past decade; average appreciation […]
July 19th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – B.C. government announced that overseas nationals bought approximately 5 per cent of homes in the province over […]
July 12th, 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. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – TREB: As of […]
July 5th, 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. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – Toronto’s house prices […]