March 2015 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on March 6th, 2015. The major statistics are summarized as follows: Bank of Canada interest rate remains at 0.75% Prime lending rate remains at 2.85% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
March 5th, 2015 Mortgage Industry Update The Bank of Canada announced on March 4th that it’s overnight lending rate will remain at 0.75%. The prime lending rate at most lending institutions thus remains at 2.85%. Additionally, most fixed rates are on the decline due to bond market declines. Additionally this week: – Vancouver sales surge […]
February 26th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – Canadians don’t know how in debt […]
February 19th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – Poll by Sun Life shows that […]
February 12th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – RBC has forecasted the BoC overnight […]
February 5th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – Many lending institutions continue to make […]
February 2015 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on February 3rd, 2015. The major statistics are summarized as follows: Bank of Canada interest rate dropped to 0.75% Prime lending rate dropped to 2.85% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
January 29th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – Many lending institutions made several changes […]
January 22nd, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. These changes might be seen in the variable rate mortgage market in the near future. Additionally this week: – Toronto price gap between condos and houses widens. [fancy_link link_text=”Learn More” […]
January 15th, 2015 Mortgage Industry Update As the year starts, we see lenders continue to offer promotional rates that were common throughout last year. No significant changes have occurred, or are expected. Additionally this week: – RBC says household debt grew in November by 4.5%, marking a 2-year high. Residential mortgages accounted for a 5.2% […]