May 28th, 2019 Mortgage Industry Update The Bank of Canada announced on April 24th that it’s overnight lending rate will remain at 1.75%. The prime rate remains 3.95%. The common prediction currently stands that the Bank of Canada will likely keep rates consistent for 2019. Additionally this week:– CMHC: 223,000 new mortgage loans in Canada […]
May 21st, 2019 Mortgage Industry Update The Bank of Canada announced on April 24th that it’s overnight lending rate will remain at 1.75%. The prime rate remains 3.95%. The common prediction currently stands that the Bank of Canada will likely keep rates consistent for 2019. Additionally this week:– Teranet-National Bank Composite House Price Index: Prices […]
May 14th, 2019 Mortgage Industry Update The Bank of Canada announced on April 24th that it’s overnight lending rate will remain at 1.75%. The prime rate remains 3.95%. The common prediction currently stands that the Bank of Canada will likely keep rates consistent for 2019. Additionally this week:– Sotheby’s International Realty Canada: 28% of ‘modern […]
May 7th, 2019 Mortgage Industry Update The Bank of Canada announced on April 24th that it’s overnight lending rate will remain at 1.75%. The prime rate remains 3.95%. The common prediction currently stands that the Bank of Canada will likely keep rates consistent for 2019. Additionally this week:– The latest reading of Canada’s economy brings […]