August 23rd, 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:
- Vancouver, Toronto, Calgary made the Economist’s top-10 most livable cities list. Came in the 3,4,5 spots in list out of 140 major cities.
- Latest official figures: Victoria outstripped every other Canadian city in terms of home sales in July; up 20% compared to last year.
- Teranet-National ...
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