December 17th, 2019 Mortgage Industry Update
The Bank of Canada announced on December 4th 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 into early 2020, with the next major move likely being a rate decrease.
Additionally this week:- Royal LePage: Canadian house prices are forecast to increase by 3.2% to $669,800 next year led by Montreal, Ottawa and Toronto as ...
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