December 27th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CMHC: In wake of tighter mortgage qualification […]
December 20th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CREA: Sales next year are expected to […]
December 13th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – Equifax: Canadian households have increased average debt […]
December 6th, 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%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CMHC: Share of foreign ownership of condos […]