April 19th, 2016 Mortgage Industry Update The Bank of Canada announced on April 13th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – CREA: National home sales increased 1.5% month-over-month for March, and 12.2% year-over-year. – IMF revised its […]
April 12th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – Royal LePage report: Trump presidency fears to drive Canada housing growth. – Benchmark prices in Vancouver […]
April 5th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – KPMG: Canada among most competitive countries for businesses based on cost of industry essentials; taxes, labour, […]
March 29th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Most fixed rates also remain stable. Additionally this week: – CREA: Regional Municipality of Durham stood out as the locality with the greatest real estate growth; […]
March 22nd, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally this week: – Doug Porter, chief economist at BMO, sees further gains for Vancouver and Toronto’s selling season due to low mortgage rates and demand. […]
March 15th, 2016 Mortgage Industry Update The Bank of Canada announced on March 9th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally this week: – Statistics Canada: Employment in Canada was almost unchanged in February, as the country lost 2,300 jobs. National UE rate up to 7.3% […]
March 8th, 2016 Mortgage Industry Update The Bank of Canada announced on January 20th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, almost all fixed rates have climbed and stabilized, as compared to the end of 2015. Additionally this week: – TREB: Transaction volume in Toronto went […]
March 1st, 2016 Mortgage Industry Update The Bank of Canada announced on January 20th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, almost all fixed rates have climbed and stabilized, as compared to the end of 2015. Additionally this week: – Reuters study polled 24 economists and […]
February 23rd, 2016 Mortgage Industry Update The Bank of Canada announced on January 20th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, almost all fixed rates have climbed and stabilized, as compared to the end of 2015. Additionally this week: – BC Finance Minister announced earlier this […]
February 16th, 2016 Mortgage Industry Update The Bank of Canada announced on January 20th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Additionally, almost all fixed rates have climbed and stabilized, as compared to the end of 2015. Additionally this week: – Economist David Rosenberg: Canada’s government needs […]