March 27th Mortgage Industry Update

March 27th, 2018 Mortgage Industry Update The Bank of Canada announced on March 7th that it's overnight lending rate will remain at 1.25%. The prime rate thus remains at 3.45% with most lenders. The 5 year posted rate remains at 5.14%. Almost all fixed rates remain stable without any significant changes. Additionally this week: - Calgary + Montreal on track to pass Toronto and Vancouver as Canada’s fastest growing luxury real estate market this year as rising consumer confidence boosts demand for homes ... Read more

March 20th Mortgage Industry Update

March 20th, 2018 Mortgage Industry Update The Bank of Canada announced on March 7th that it's overnight lending rate will remain at 1.25%. The prime rate thus remains at 3.45% with most lenders. The 5 year posted rate remains at 5.14%. Almost all fixed rates remain stable without any significant changes. Additionally this week: - The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices were down 0.1 per cent last month compared to January. - ... Read more

March 13th Mortgage Industry Update

March 13th, 2018 Mortgage Industry Update The Bank of Canada announced on March 7th that it's overnight lending rate will remain at 1.25%. The prime rate thus remains at 3.45% with most lenders. The 5 year posted rate remains at 5.14%. Almost all fixed rates remain stable without any significant changes. Additionally this week: - Bank of Canada maintains overnight rate target at 1 1/4 per cent. No change in prime rates! Good news for variable rate mortgage holders! - John R. Taylor, who ... Read more

March 6th Mortgage Industry Update

March 6th, 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: - Real Estate Board of Greater Vancouver: Home sales in Metro Vancouver fell 14.4% below the 10-year average in February. 2,207 homes sold last month. Down 9% from the same time ... Read more
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