May 30th, 2017 Mortgage Industry Update
The Bank of Canada announced on May 24th that it's overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Both fixed and variable rates are generally stable within the market at this point in time.
Additionally this week:
- Jones Lang LaSalle study: Commercial tenants in Toronto could see rents spike up by as much as 50 per cent over the next 36 months.
- Lakelands Association: Waterfront property sales in Muskoka, Haliburton, Orillia up ...
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