January 31st, 2017 Mortgage Industry Update The Bank of Canada announced on January 18th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. CMHC has announced that its rate premiums will rise on March 17th. Many fixed rates are predicted to rise slightly. Additionally this week: – TREB: The […]
January 24th, 2017 Mortgage Industry Update The Bank of Canada announced on January 18th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. CMHC has announced that its rate premiums will rise on March 17th. Many fixed rates are predicted to rise slightly. Additionally this week: – Bank of […]
January 17th, 2017 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – Sotheby’s report: 2017 would be the 3rd […]
January 10th, 2017 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – Canadians came in second place in list […]
December 27th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CMHC: In wake of tighter mortgage qualification […]
December 20th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CREA: Sales next year are expected to […]
December 13th, 2016 Mortgage Industry Update The Bank of Canada announced on December 7th that it’s overnight lending rate will remain at 0.50%. The prime rate remains at 2.70%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – Equifax: Canadian households have increased average debt […]
December 6th, 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%. Many fixed rates have risen by 10-30 points due to the new mortgage rule changes. Additionally this week: – CMHC: Share of foreign ownership of condos […]
November 29th, 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%. Many fixed rates have risen due to the new mortgage rule changes. Additionally this week: – The Licensing and Standards Committee: Recommending City Council approve new […]
November 22nd, 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%. Many fixed rates have risen due to the new mortgage rule changes. Additionally this week: – Canada Mortgage and Housing Corp. says its stress testing shows […]