January 30th, 2018 Mortgage Industry Update The Bank of Canada announced on January 17th that it’s overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders. Additionally this week: – Fitch report […]
New Mortgage Rules Simplified and Explained! Happy New Year! And with the new year comes an avid discussion of the future of the real estate market in Canada, and specifically in the GTA. Over the past few weeks I have spoken to countless realtors, clients, family, and friends about the new mortgage rules that were […]
January 23rd, 2018 Mortgage Industry Update The Bank of Canada announced on January 17th that it’s overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders. Additionally this week: – Bank of […]
January 16th, 2018 Mortgage Industry Update The Bank of Canada announced on December 6th that it’s overnight lending rate will remain at 1.00%. The prime rate remains the same. It is common prediction for rates to rise another 2 times by the end of 2018. Most fixed rates have now stabilized in the 3%+ range. […]
January 9th, 2018 Mortgage Industry Update The Bank of Canada announced on December 6th that it’s overnight lending rate will remain at 1.00%. The prime rate remains the same. It is common prediction for rates to rise another 2 times by the end of 2018. Most fixed rates have now stabilized in the 3%+ range. […]