September 6th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Trimart Research Corporation report: Toronto low-rise sales dropped by 27.1% on a year-over-year basis and 38.5% month-over-month […]
August 30th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Alberta builders to see moderate increase in activity in 2017 (5.7%) following major reduction (40%) in home […]
August 23rd, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Vancouver, Toronto, Calgary made the Economist’s top-10 most livable cities list. Came in the 3,4,5 spots in […]
August 16th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – CREA: National home sales fell for a 3rd consecutive month: 1.3% month-over-month in July and 2.9% year-over-year. […]
August 9th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Urbanation: Supply of new condos in GTA @ lowest level since 2010. Sales up 26%, total inventory […]
August 2nd, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – Toronto Mayor: No hurry to make a decision on cooling foreign investment with measures like those that […]
July 26th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – BILD: GTA Low rise homes have more than doubled in price in the past decade; average appreciation […]
July 19th, 2016 Mortgage Industry Update The Bank of Canada announced on July 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have stabilized. Additionally this week: – B.C. government announced that overseas nationals bought approximately 5 per cent of homes in the province over […]
July 12th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – TREB: As of […]
July 5th, 2016 Mortgage Industry Update The Bank of Canada announced on May 25th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates have also slightly declined. Additionally this week: – Introducing a new 5 year variable promotional low rate of 2.25%!!! – Toronto’s house prices […]