May 12th, 2020 Mortgage Industry Update
The Bank of Canada announced on April 15th that its overnight lending rate will remain at 0.25%. The prime rate remains 2.45%. The possibility of further rate reductions remains unclear at this time as the economy deals with the COVID-19 pandemic.
Additionally this week:– Zoocasa: There were 520 home sales across the Peel Region in April, a 73% decline from 2019. Halton Region sales totalled 338, which was a 65% annual decline. However average home prices rose ...
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