June 26th Mortgage Industry Update

June 26th, 2018 Mortgage Industry Update The Bank of Canada announced on May 30th 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 has officially increased with the Bank of Canada from 5.14% to 5.34%. Fixed rates are stabilizing from recent changes in the bond market.   Additionally this week: - The Canadian dollar slid to its lowest level since last June with a host of factors weighing it ... Read more

June 19th Mortgage Industry Update

June 19th, 2018 Mortgage Industry Update The Bank of Canada announced on May 30th 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 has officially increased with the Bank of Canada from 5.14% to 5.34%. Fixed rates are stabilizing from recent changes in the bond market.   Additionally this week: - The Federal Conservative Party of Canada's Deputy Shadow Minister for Finance has proposed creating a subcommittee to study ... Read more

June 12th Mortgage Industry Update

June 12th, 2018 Mortgage Industry Update The Bank of Canada announced on May 30th 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 has officially increased with the Bank of Canada from 5.14% to 5.34%. Fixed rates are stabilizing from recent changes in the bond market.   Additionally this week: - Bloomberg Nanos Canadian Confidence Index ends at 57.5 in May, the index represented a slight decline from the ... Read more

June 5th Mortgage Industry Update

June 5th, 2018 Mortgage Industry Update The Bank of Canada announced on May 30th 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 has officially increased with the Bank of Canada from 5.14% to 5.34%. Fixed rates are stabilizing from recent changes in the bond market.   Additionally this week: - Statistics Canada: Economy grew at an annualized pace of 1.3% in Q1, compared with an annual pace of ... Read more
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