October 25th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – Moody’s Analytics: CDN real estate sector will […]
October 18th, 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 at this point despite new recent mortgage rule changes. Additionally this week: – CREA: Federal government’s recent changes to mortgage […]
October 11th, 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: – IMF estimates the Canadian GDP to grow by 1.2 per cent […]
October 4th, 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: – Finance Minister: Federal government will no longer allow non-residents who buy […]