November 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on November 11th, 2014. The major statistics are summarized as follows: Bank of Canada interest rate remains at 1% Prime lending rate remains at 3% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
November 6th, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the month of November, without any major changes to promotional rates. Additionally this week: – Mississauga real estate lawyer disappears with $3.5M of clients’ money. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/news/crime/2014/11/04/lawyer_missing_along_with_35_million_in_clients_money.html?app=noRedirect” float=”none”]. – PricewaterhouseCoopers and the Urban Land Institute say that mixed use […]
October 30th, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the upcoming of the month of November, without any major changes to promotional rates. Additionally this week: – Canada’s homes are getting greener. [fancy_link link_text=”Learn More” url=”http://www.calgaryherald.com/homes/Green+standards+becoming+norm+exception+homebuilding/10319339/story.html?__federated=1#__federated=1″ float=”none”]. – Housing bubble talk shifts to autos. [fancy_link link_text=”Learn More” url=”http://www.huffingtonpost.ca/2014/10/23/auto-loans-canada_n_6036714.html?utm_hp_ref=canada-business” float=”none”]. – […]
October 23rd, 2014 Mortgage Industry Update Interest rates are likely to remain steady for the remainder of the month of October, without any major changes to promotional rates. Additionally this week: – The Toronto Star published an interesting article stating that developers are shifting sights to two-bedroom condos. [fancy_link link_text=”Learn More” url=”http://www.thestar.com/business/real_estate/2014/10/22/developers_shifting_sights_to_twobedroom_condos.html” float=”none”]. – The […]
October 16th, 2014 Mortgage Industry Update One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October. Additionally this week: – Canadian homeowners paying down mortgages faster than thought: CIBC. [fancy_link link_text=”Learn More” url=”http://www.vancouversun.com/touch/story.html?id=10291351″ float=”none”]. – Despite a positive […]
October 9th, 2014 Mortgage Industry Update One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October. Additionally this week: – Yahoo Finance released an article sharing the top 4 things people pay more to live near. [fancy_link link_text=”Learn […]
October 2014 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on October 8th, 2014. The major statistics are summarized as follows: Bank of Canada interest rate remains at 1% Prime lending rate remains at 3% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]
October 2nd, 2014 Mortgage Industry Update One of our main lenders decreased their 5 year variable interest rate to 2.20%!!! There is a possibility some lenders will follow, for the month of October. Additionally this week: – The Toronto Star released an article stating the GTA is expected to lead country in luxury home sales. […]
September 25th, 2014 Mortgage Industry Update Interest rates slightly increased with a few major lenders. The majority of rates remained stable for September thus far, and it is likely they will continue as such for the month of October. Additionally this week: – Bloomberg released an article stating that Toronto is flooded with office space, […]
September 19th, 2014 Mortgage Industry Update Interest rates slightly increased with a few major lenders. The majority of rates remained stable for September thus far, and it is likely they will continue as such. Additionally this week: – CIBC’s top economist says Toronto and Vancouver’s red-hot housing markets aren’t as ‘insane’ as they look. [fancy_link […]