November 15th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Fixed rates are predicted to slightly rise due to the new mortgage rule changes. Additionally this week: – Ontario doubling the rebate on land-transfer tax for […]
November 8th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – CBRE’s 2016 Scoring Canadian Tech Talent report: […]
November 1st, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – Federal government ran a deficit of $2.7 […]
October 25th, 2016 Mortgage Industry Update The Bank of Canada announced on October 19th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – Moody’s Analytics: CDN real estate sector will […]
October 18th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable at this point despite new recent mortgage rule changes. Additionally this week: – CREA: Federal government’s recent changes to mortgage […]
October 11th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – IMF estimates the Canadian GDP to grow by 1.2 per cent […]
October 4th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Finance Minister: Federal government will no longer allow non-residents who buy […]
September 27th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Sep 20- John Tory: Conditions that triggered foreigner-driven price increases in […]
September 20th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Manulife survey: Just 25% of those who rent plan to become […]
September 13th, 2016 Mortgage Industry Update The Bank of Canada announced on September 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Almost all fixed rates remain stable ahead of the autumn season. Additionally this week: – Survey of Employed Canadians by Canadian Payroll Association: Approx. 24% of […]