September 27th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Sep 20- John Tory: Conditions that triggered foreigner-driven price increases in […]
September 20th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Manulife survey: Just 25% of those who rent plan to become […]
September 13th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Survey of Employed Canadians by Canadian Payroll Association: Approx. 24% of […]
September 6th, 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: – Trimart Research Corporation report: Toronto low-rise sales dropped by 27.1% on a year-over-year basis and 38.5% month-over-month […]